Property Overview: 4 Burland Avenue, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,184 sqft home, built in 1972, presents a distinct value proposition in Winnipeg's River Park South neighborhood. Its primary appeal lies in its affordability, with an assessed value significantly below area averages. The living space is efficient and actually above average for its immediate street, suggesting a well-utilized floor plan within a modest footprint.
The property is best suited for first-time buyers, budget-conscious investors, or downsizers seeking an affordable entry into a stable neighborhood. Its below-average lot size translates to less exterior maintenance, which could be a perk for those seeking a simpler yard. A thoughtful perspective is that this home, being older and more modest than its neighbors, may offer renovation potential without the premium price tag of a larger, newer property. It represents a practical choice over prestige, focusing on the fundamentals of shelter and location within a community where most homes are newer and more expensive.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The home is older (1972) and sits on a smaller lot than nearly all comparable properties in the area. Assessment is based on factors like age, size, and land, which collectively place its value below neighborhood averages.
2. What does the sold price history indicate?
Records show it last sold between $200k-$250k in mid-2017. This historical price, combined with its current low assessment, suggests it has been a consistently lower-priced home in the area, not a subject of distressed sale.
3. Is the smaller lot size a major drawback?
It depends on your priorities. It limits expansion potential and outdoor space but significantly reduces maintenance time and costs. For some, this is a worthwhile trade-off for the lower price point.
4. How does the living area compare practically?
While the home's total square footage is near the city average, it is notably larger than the typical home on Burland Avenue. This indicates the house itself makes efficient use of its space relative to others on the street.
5. How can I get the exact past sold prices?
The site provides estimated price ranges. Due to industry rules, exact MLS sold figures are not displayed publicly. You can request the exact historical sold price by emailing the site directly for a manual lookup.