Property Overview: 43 Westbourne Crescent, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,792 sqft home, built in 1987, presents a compelling opportunity defined by its exceptional lot size and strong value positioning. Its primary appeal lies in the substantial 12,641 sqft property, which ranks in the top 1% of lots in the River Park South neighborhood and is the largest on its street. This offers rare potential for outdoor space, privacy, and future expansion in a mature, established area.
The home’s assessed value of $624k sits well above averages for the street, neighborhood, and city, indicating a premium property within its context. Its living space is comfortably above area and city norms. Recent sale history shows significant appreciation, with the 2022 sale price placing in the top 1% for the neighborhood. This combination suggests a property that is both a substantial private retreat and a sound long-term investment.
It would best suit buyers seeking a large, versatile yard—ideal for gardening, recreation, or adding a detached garage or workshop—within a family-oriented suburb. It appeals to those who value space over a brand-new build and appreciate a home with a proven track record of value growth in a stable community.
Frequently Asked Questions
1. How does the home’s condition compare to its value ranking?
While the data shows elite rankings for lot size and value, the year built (1987) is around the neighborhood average. This suggests the premium is driven by land and location. Buyers should budget for updates consistent with a home of this age, though the strong assessed value implies it has been well-maintained.
2. Is the high assessed value a benefit or a drawback?
It’s a double-edged sword. It reflects the property’s premium status and likely supports a higher market price, but it also means consistently higher property taxes compared to neighboring homes with smaller lots or less square footage.
3. What does the large lot size practically offer?
Beyond gardening and play space, it provides a notable buffer from neighbors, reducing noise and increasing privacy. It also offers potential for legal secondary suites, additions, or pool installation, subject to city zoning, which is rare in newer subdivisions.
4. The 2022 sale price is in the top 1% for the area. Does that limit future growth?
Not necessarily. While it may mean near-term upside is more modest, it demonstrates the property’s ability to command a premium. Future growth will be tied to overall market trends and any improvements made, with the lot size providing a permanent, unique advantage.
5. How reliable are the provided sold price figures?
The site states sold data is from public sources, not the MLS, and is presented in ranges. For fully verified, exact sale history and figures, you must request a manual lookup from the website via email, as they do not publish MLS records directly.