Property Overview: 31 Wycombe Place, Winnipeg
Key Characteristics & Appeal
This 1,684 sqft home, built in 1987, presents a solid, middle-ground opportunity in the established River Park South neighborhood. Its appeal lies in its balanced positioning: the living space is comfortably above the city and neighborhood averages, offering more room than many Winnipeg homes, while its assessed value of $458K sits below the average for its own street. This suggests a property that may offer good value within a well-regarded local context.
The lot size of 6,689 sqft is a standout feature, providing generous outdoor space that is significantly larger than most lots in River Park South and across the city. For buyers, this translates to ample room for gardening, recreation, or future expansion. The home last sold in late 2023 for an estimated $500K-$550K, placing it in the top 16% of sales for the area and city at that time, indicating strong market acceptance.
This property would best suit practical buyers looking for a family home with established roots and room to breathe. It’s ideal for those who value a larger yard over having the newest or largest house on the block. It represents a prudent choice for buyers seeking above-average space and land in a mature neighborhood without paying a premium for a top-tier street position.
Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
Not directly. The assessed value of $458K is for municipal tax purposes. The home's last sale in 2023 fell in the $500K-$550K range, which is a more relevant market benchmark. Assessed values often lag behind current market conditions.
2. How does this home compare to others on Wycombe Place?
It's a mid-tier home on its street. It has a smaller lot and lower assessed value than the street average, but its living area is competitive. This can be an advantage, offering access to a desirable street while potentially at a more accessible price point than its larger neighbors.
3. What does the lot size mean for me?
At 6,689 sqft, the lot is substantially larger than the neighborhood average (~5,447 sqft). This means more private outdoor space, potential for additions like a shed or deck, and possibly fewer constraints from zoning bylaws for future projects compared to smaller lots.
4. The home was built in 1987. What should I consider?
Homes of this age are often well-built but are reaching the point where major components (like the roof, windows, or furnace) may have been replaced or could soon need attention. A thorough inspection is essential to understand the condition and any upcoming capital expenses.
5. How can I find out the exact past sale price?
The provided data shows a sold price range. Due to industry regulations, exact sale prices are not published online here. You can request the exact historical sale figures by emailing the site directly for a manual lookup, which they provide as a free service.