Property Overview: 31 Kingsclear Drive, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River Park South home, built in 1989, presents a compelling balance of space, value, and established community living. Its primary appeal lies in its generous 7,707 sqft lot, which is notably larger than most in the neighborhood and on the street, offering ample outdoor potential. With 1,674 sqft of living area, the home provides above-average space compared to both Winnipeg and River Park South benchmarks.
The property’s assessed value of $542k positions it as a premium offering within the wider community, ranking in the top 17% for the neighborhood. This suggests a home that has been maintained or updated to a standard that outpaces many of its local peers. While it is one of the older homes on Kingsclear Drive, its construction year is still above the citywide average.
This home would suit buyers looking for a established, spacious property in a mature southeast Winnipeg suburb. It’s ideal for those who prioritize a larger yard over having the newest build on the block, and for value-conscious buyers who appreciate a home that stands above neighborhood averages in key metrics like lot size and assessed value. It represents a solid, above-average foothold in a desirable area without the premium price tag of a newly constructed property.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in October 2022 for a price between $550k and $600k. Its current assessed value of $542k sits within or just below that recent sale range, which may indicate stable market valuation.
2. Is the lot size a standout feature?
Yes. The lot is over 7,700 sqft, placing it in the top 23% on its own street and the top 9% within the broader River Park South neighborhood. This is a significant advantage for privacy, gardening, or expansion compared to nearby properties.
3. The home was built in 1989. Is that a concern?
While it’s older than the average home on Kingsclear Drive, it is actually newer than the average Winnipeg home. This era of home often features well-established landscaping and mature neighborhoods. Buyers should focus on the condition of major systems (roof, windows, furnace) which may be due for updates or replacement.
4. The assessed value seems high for the neighborhood. Why?
The assessed value ($542k) is above the River Park South average ($447.2k), ranking in the top 17%. This typically reflects factors like the large lot, above-average living area, updates, or desirable finishes that the municipal assessment recognizes. It suggests the property is considered a higher-tier home within the area.
5. Where can I get verified historical price data for this property?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service where you can request the full transaction history and exact figures via email, which they will provide without using your contact information for marketing.