Property Overview: 38 Britannica Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 38 Britannica Road is a practical, no-frills property that represents an accessible entry point into Winnipeg’s established River Park South neighborhood. Built in 1979, its 960 sqft living area is notably compact, ranking below average for both the street and the wider area. This smaller footprint is a defining characteristic, suggesting a home suited for efficient living with potentially lower utility and maintenance costs.
The appeal lies in its value proposition and stability. With an assessed value of $382k, it sits at a city-wide average, indicating a reasonably priced option in a mature community. The lot size is typical for the street at just over 5,000 sqft, offering standard outdoor space. Recent sale history shows consistent appreciation, with the last sale in April 2024 within the $400k-$450k range. This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance home in a family-oriented suburb. Its below-average size and value within the immediate neighborhood highlight it as a more affordable alternative on a street of slightly larger, higher-valued homes, offering a chance to gain a foothold in the area without a premium price tag.
Section 2: Frequently Asked Questions
1. Is this house significantly smaller than others nearby?
Yes. At 960 sqft, the living area is below the average for both Britannica Road (1,183 sqft avg.) and the River Park South neighborhood (1,410 sqft avg.). This confirms it as a more compact home on its street.
2. How does its value compare?
Its $382k assessment is slightly below the street average ($397k) and notably below the neighborhood average ($447k), but aligns with the Winnipeg city-wide average ($390k). This suggests you are paying a "neighborhood premium" for location, but the price is moderated by the home's smaller size.
3. What does the sale history indicate?
The home has sold three times in recent years (2017, 2019, 2024), each time at a higher price range, demonstrating steady market demand and appreciation for well-priced homes in this area.
4. Are the sold prices shown exact?
No. The figures provided are estimated ranges. To obtain the exact historical sold prices, you must request them directly via email from the site provider, as they do not publish MLS data.
5. What are less obvious considerations?
Given its smaller size and older age (1979), a buyer’s budget should thoughtfully account for potential updates to maximize the functionality of the space. Additionally, while the lot is standard for the street, it is smaller than the Winnipeg city average, which may limit expansion possibilities compared to other parts of the city.