Property Overview: 38 Alburg Drive, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,043 sqft bungalow, built in 1981 on a 5,233 sqft lot, presents a practical entry point into Winnipeg's established River Park South neighborhood. Its assessed value of $397k aligns closely with the citywide average, suggesting a fairly priced offering in the current market. The home's appeal lies in its position as a manageable, single-story dwelling in a mature community with larger-than-average city lots. While its living space is modest compared to immediate neighbors, it offers a solid foundation for first-time buyers, downsizers, or investors seeking a lower-maintenance property. A thoughtful perspective is that its "around average" citywide metrics indicate a stable, non-speculative value, potentially offering a sense of security away from the peaks and valleys of more trendy areas. The recent sale in 2022 within the $400k-$450k range provides a clear, contemporary benchmark for value.
Frequently Asked Questions
1. Is this house smaller than others in the area?
Yes. At 1,043 sqft, the living area is below the average for both Alburg Drive and the broader River Park South neighborhood. This makes it one of the more compact options on the street, which could mean lower utility costs and less upkeep.
2. How does the property's value compare?
The $397k assessment is slightly below the street average but very close to the Winnipeg-wide average for similar homes. This suggests you are paying a typical city price for a home on a street where most properties are valued higher, which could be seen as a relative value.
3. What is the lot size like?
The lot is 5,233 sqft, which is smaller than others on Alburg Drive but is near the average for the River Park South neighborhood. It provides a decent outdoor space without being overly demanding to maintain.
4. Are there recent sales figures available?
The home sold between $400,000 and $450,000 in May 2022. For verified, exact sale prices and a full history, you must request the information directly via email, as per the data provider's process.
5. What type of buyer would this home suit best?
It is well-suited for first-time homeowners comfortable with a property that may need updates, or for downsizers looking for a single-level layout in a settled community. Its metrics indicate it's not a luxury offering but a grounded, functional home.