Property Overview
52 Rillwillow Place is a compact, single-family home in Winnipeg's River Park South neighborhood. Built in 1978, it features 800 square feet of living space on a 2,922 square foot lot. With an assessed value of $314,000, it recently sold within the $300,000–$350,000 range.
Key Characteristics & Appeal
This home presents a specific value proposition. Its primary appeal lies in its price point, which is notably below the neighborhood average, offering an accessible entry into a well-established area. The house is one of the older homes on its street, which can suggest a more settled streetscape with mature landscaping. While its living space and lot size are compact compared to most homes in River Park South and city-wide, this translates to lower maintenance and utility costs—a significant consideration for budget-conscious buyers.
It would suit first-time homebuyers seeking affordability in a family-oriented neighborhood, or investors looking for a manageable rental property. The data suggests it’s not a "fixer-upper" priced for a major renovation play, as its assessed value is in line with its immediate street. Instead, its value is straightforward: a modest, no-frills home in a desirable location where many other properties command a higher price.
Frequently Asked Questions
1. Is the below-average living area a major drawback?
It depends on your needs. For a single person, couple, or small family, 800 sqft can be sufficient and efficient. The trade-off is the lower purchase price and ongoing cost savings compared to larger homes in the area.
2. Why is the assessed value around the city average but below the neighborhood average?
This highlights the character of River Park South, which generally has larger, newer, and higher-value homes than much of Winnipeg. This property offers a chance to live in that neighborhood at a price closer to the Winnipeg median.
3. What does the "older home on the street" ranking mean?
Built in 1978, it's older than most on its street, but the street's average build year is also 1978. This indicates the home is original to the area, potentially surrounded by similar vintage homes, with a few newer builds influencing the average.
4. How reliable are the sold price and comparable listings shown?
The sold price range is based on public data, not the MLS. For fully verified, exact transaction figures, you must request a manual lookup from the site via email, as explained in the data disclaimer.
5. The lot is smaller than average. Is there room for expansion or a large garden?
At just under 3,000 sqft, the lot is compact. While it allows for a yard, significant expansions or additions may be limited by space and zoning bylaws. It's best suited for those who prefer minimal outdoor upkeep.