Property Overview: 388 Burland Avenue, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,084 sqft bungalow, built in 1985, presents a solid, value-conscious option in the established River Park South neighborhood. Its primary appeal lies in offering above-average attributes for its immediate street at a citywide average price point. With an assessed value of $400k, it ranks notably high on its own street (top 9%) and sits on a larger-than-average lot for the area (4,870 sqft). This suggests a property that stands out in its direct vicinity for lot size and perceived value, even if the living space is modest compared to the broader neighborhood.
The home would suit first-time buyers or downsizers seeking a manageable footprint without compromising on outdoor space. It’s a practical choice for those who prioritize a stable, mature community over brand-new construction and see value in a property that outperforms its closest peers. A thoughtful perspective is that this home represents a "street-level standout"—its metrics are strongest when compared to its direct neighbors, offering a sense of relative premium on Burland Avenue itself, which may not be as apparent when looking at wider area averages.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,084 sqft, the living area is slightly above the average for Burland Avenue but below the average for the larger River Park South neighborhood. It offers a manageable size that is common for bungalows of its era.
2. Is the assessed value a good indicator of the likely selling price?
The $400k assessment is above the street average and around the city average. Assessments are for tax purposes and can differ from market value, but it indicates the home is considered a higher-value property on its block.
3. What is the significance of the lot size?
The 4,870 sqft lot is larger than most on Burland Avenue (top 10%), which is a key advantage. It offers more outdoor space than many immediate neighbors, a valuable asset for gardening, play, or expansion.
4. When was it last sold, and for how much?
Records show it sold between late 2016 and early 2017 for a price in the $300k-$350k range. For precise historical sale figures, a manual lookup through the site is required.
5. Are homes from the mid-1980s a concern?
Homes from this period are common in Winnipeg. Being built in 1985 places it newer than the citywide average. As with any home of this age, a thorough inspection is recommended to assess the condition of major systems like roof, windows, and heating.