Property Overview: 42 Lechman Place, Winnipeg
Key Characteristics & Appeal
This 836 sqft home, built in 1980 on a 2,986 sqft lot in River Park South, presents a practical and affordable entry point into the Winnipeg market. Its primary appeal lies in its value positioning. With an assessed value of $328k, it sits below the neighborhood average and aligns closely with the city-wide average, offering a relatively lower financial barrier for the area. The home’s size is modest—smaller than most in River Park South—which translates to lower utility costs and less maintenance.
This property would suit first-time buyers or downsizers seeking a manageable, single-level living space in an established community. It’s a home for those who prioritize financial accessibility and practicality over size, and who may value the potential to add personal touches to a well-located, older home. A thoughtful perspective is that its smaller lot and footprint, while below area averages, reduce outdoor upkeep—a potential benefit for buyers seeking a low-maintenance lifestyle without opting for a condo. Its sale history suggests it has been a affordable holding within its street, indicating its role as a steady, value-oriented property rather than a standout luxury home.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 836 sqft, the living area is smaller than most homes in the broader River Park South neighborhood, but it is closer to the average for its specific street, Lechman Place.
2. Is the assessed value a good indicator of its market price?
The assessed value of $328k is a municipal valuation for tax purposes. It is below the current neighborhood average but near the city-wide average, suggesting it may be priced accessibly for the area. Market conditions and the home’s specific condition will ultimately determine the sale price.
3. What does the sold price history indicate?
Records show it last sold between $250k-$300k in late 2020. This past sale price was in the top 90% for value in the neighborhood at that time, indicating it has historically been a more affordable option in River Park South.
4. What are the main trade-offs with this property?
The key trade-off is space for affordability. You gain entry into a desirable neighborhood at a below-average cost, but with less living area and a smaller yard than is typical for the area.
5. How can I get verified sale price details for this home?
The site does not display exact MLS sold figures. You can request a manual lookup for the precise transaction history by emailing the provided contact; they will send the information directly to you.