Property Overview: 51 Strand Circle, River Park South, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This home presents a practical entry point into Winnipeg's established River Park South neighborhood. Its key characteristic is a below-average living area of 960 sqft, making it one of the more compact options on its street and in the wider area. Built in 1979, it is typical for its immediate block but is among the older homes in this particular neighborhood. The lot size is also modest relative to area norms.
The primary appeal lies in its financial accessibility. With an assessed value of $331k, it sits below the average for both its street and neighborhood, offering a lower property tax base and a potentially more affordable purchase price in a stable, family-oriented area. Its last known sale was between $250k-$300k in 2016. This value positioning, combined with the mature community setting, makes it a candidate for value-conscious buyers. It would suit first-time homeowners, downsizers seeking a manageable footprint, or investors looking for a lower-entry rental property in a reliable suburb. A thoughtful perspective is that this home may offer the chance to live on a desirable street or in a preferred school catchment at a lower cost than larger homes nearby, prioritizing location over size.
Frequently Asked Questions
1. Is this home significantly smaller than others in the area?
Yes. At 960 sqft, the living area is below the average for the street (1,097 sqft), the neighborhood (1,410 sqft), and the city overall. It is a compact, efficiently sized property.
2. Why is the assessed value lower than many neighbors?
The assessed value of $331k is below the street and neighborhood averages. This typically reflects the home's smaller size, older age relative to many area homes, and potentially its condition or features as assessed for tax purposes. It results in a comparatively lower property tax bill.
3. What does the sold price history indicate?
Public records show it last sold in late 2016 for an estimated $250,000-$300,000. This historical data places that sale price in the top tier for the street and area at that time, indicating it has been a competitively priced property.
4. How does the lot size compare?
The lot is 4,018 sqft, which is around average for Strand Circle but below the broader neighborhood average. It provides a standard suburban yard for the immediate area.
5. How can I get the exact historical sale prices?
The displayed sold prices are estimates from public data. To obtain verified, exact sale figures and a full transaction history, you must request a manual lookup from the site via email, as MLS data is not published here.