Property Overview
This 952 sqft bungalow at 39 Charing Cross Crescent in River Park South presents a specific value proposition. Built in 1979, it sits on a roughly 4,200 sqft lot. The data indicates it is a more compact home relative to its immediate street and neighborhood, which are comprised of larger properties. Its assessed value of $342,000 is notably below the local averages for both the street and River Park South, while aligning more closely with the wider Winnipeg average.
Key Characteristics & Appeal
The primary appeal of this property is its position as a potentially more affordable entry point into a stable, established neighborhood. While the home itself is below average in size for the area, this translates to a lower assessed value compared to its neighbors. This creates an opportunity for buyers seeking location and lot ownership at a relatively accessible price point. The lot size is fairly typical for the street, offering standard suburban outdoor space.
It would suit first-time buyers, downsizers, or investors looking for a lower-cost holding in a mature suburb. The numbers suggest you are paying less for the structure but gaining the same neighborhood benefits as owners of larger homes on the street. A thoughtful perspective is that this price point allows for equity growth through strategic updates over time, rather than paying a premium for a fully renovated or larger home upfront.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
The data suggests it is priced below the local norm. Its assessed value ranks in the bottom 5% on its own street and bottom 8% in River Park South, primarily due to its smaller living area. This can represent a value for buyers prioritizing location over square footage.
2. What type of buyer is this home best suited for?
It's well-suited for budget-conscious buyers wanting to enter the neighborhood, such as first-time homeowners or investors. It may also appeal to downsizers who value a manageable space but wish to remain in a familiar type of suburban community.
3. How does the lot size compare?
At 4,201 sqft, the lot is around average for Charing Cross Crescent but below the average for both the wider neighborhood and the city. It provides a standard suburban yard for the immediate area.
4. The home sold in 2021. What did it sell for?
Public records indicate a sold price between $350,000 and $400,000 in August 2021. For verified, exact historical sale figures, a manual lookup through the site is required.
5. If the home is smaller, will it be harder to resell?
While larger homes dominate the area, there is consistent demand for well-priced, smaller properties. Its resale appeal will hinge on its condition and price positioning relative to other entry-level options in River Park South.