Property Overview: 51 Willowbend Crescent, River Park South, Winnipeg
Key Characteristics & Appeal
This 1983-built home on Willowbend Crescent presents a practical opportunity in Winnipeg's River Park South neighborhood. With 1,090 sqft of living space and a 4,502 sqft lot, its size is modest compared to immediate neighbors but aligns more closely with city-wide averages. The home’s standout characteristic is its age relative to its street—it ranks in the top 4% on Willowbend Crescent for being newer, suggesting it may have benefited from updates or construction techniques not found in older models on the same block.
The primary appeal lies in its value positioning. The assessed value of $363k is notably below the street and neighborhood averages, yet sits close to the city-wide average. This creates a scenario where the property is priced accessibly within its immediate area, potentially offering an entry point into a well-established street. It would suit a first-time buyer or a downsizer seeking a manageable, single-level home (as suggested by the living area and "Street Level" designation) in a mature suburb. Its recent sale history (sold between $250k-$300k in mid-2020) indicates a market-responsive price point. A thoughtful perspective is that this home represents the "average" Winnipeg property by several metrics, offering a stable, no-surprises baseline in a neighborhood where many homes are larger and more valuable.
Frequently Asked Questions
1. Is this home smaller than others on the street?
Yes. At 1,090 sqft, the living area is below the street average of 1,300 sqft. However, it is closer to the overall Winnipeg average, indicating a more compact, efficient layout.
2. Why is the assessed value lower than neighbors'?
The assessed value of $363k is below the street and neighborhood averages. This typically reflects the home’s smaller size and lot dimensions relative to nearby properties, as assessed value is heavily influenced by these physical characteristics.
3. How does the year built affect the home?
Built in 1983, this home is among the newest on its street. This can be an advantage, potentially meaning newer building materials, electrical systems, or roof age compared to older homes in the area.
4. What can the 2020 sale price tell me?
The home sold for an estimated $250k-$300k in June 2020. This historical price, significantly lower than the current assessed value, primarily reflects the strong market appreciation over the past few years and is useful for understanding long-term value trends.
5. How does the lot size impact the property?
The 4,502 sqft lot is below average for both the street and neighborhood. This means less yard maintenance but also less private outdoor space compared to many direct neighbors.