56 Michaud Crescent

Property Overview: 56 Michaud Crescent, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a solid, above-average offering in Winnipeg's River Park South neighborhood. Built in 2008, it is notably newer than most homes in the wider city and area. With 1,799 sqft of living space, it provides more room than the typical Winnipeg home and is competitively sized for its immediate street. The lot size of 5,768 sqft is generous for the neighborhood, offering good outdoor space.

The appeal lies in its balanced, established position. It’s not an outlier in any single category but consistently ranks above average for the neighborhood and city in size, assessed value, and modern build year. This suggests a property that has kept pace with area standards. The data indicates a stable history, having sold in 2016 and 2020 within a similar price band.

This home would suit practical buyers looking for a move-in-ready family home in a mature suburban setting, who value space and a newer build without being at the extreme top end of the market. It’s a sensible choice for those prioritizing a known quantity—a home that compares favorably to its peers without the premium or unpredictability of a unique or aging property.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its neighbors?
The home’s assessed value of $549k is above the neighborhood average and ranks in the top 15% of River Park South. On its own street, it sits close to the average, indicating it is priced consistently with its most direct comparables.

2. Is the home considered large for the area?
Yes. At 1,799 sqft, the living area is above the neighborhood and city averages, placing it in the top 19% and 17% respectively. It offers more space than most comparable homes in Winnipeg.

3. What does the sale history tell us?
The property sold in 2016 and again in 2020, both times within the $400k-$450k range. This suggests a history of steady, incremental value growth in line with market trends of that period, without dramatic price swings.

4. How does the lot size compare?
The lot is 5,768 sqft, which is larger than average for both the street and the River Park South neighborhood. Compared to the entire city, it is around the average lot size.

5. The home was built in 2008. Is that considered new for Winnipeg?
Yes. Built in 2008, it is newer than about 87% of comparable homes across Winnipeg and ranks in the top 12% for its neighborhood, offering modern construction standards while being part of an established community.