Property Overview: 60 Rillwillow Place, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 920 sqft bungalow, built in 1978, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its primary appeal lies in offering solid value and a generous, above-average lot size (over 5,200 sqft) for the immediate street, providing good outdoor space potential. With an assessed value of $313k, it sits well below the neighborhood average, suggesting a relatively lower property tax burden and an opportunity for buyers priced out of larger, newer homes in the area.
The home would suit first-time buyers, downsizers, or investors seeking a manageable property with a classic layout. Its size is efficient for a small household, and the mature location offers stability. A thoughtful perspective is that this home represents a "neighborhood-value" play: while the house itself is modest and older than many in River Park South, it allows ownership in a desirable area at a accessible price point, with the lot being a key asset for future enjoyment or expansion.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 920 sqft, the living area is typical for this specific street (ranking above the street average) but is more compact than the broader neighborhood and city averages for similar properties.
2. Is the assessed value likely to lead to lower property taxes?
Generally, yes. With an assessed value significantly below the River Park South neighborhood average, the municipal tax portion of your costs should be comparatively lower, all else being equal.
3. What does the sold price history indicate?
Records show it last sold between $250k-$300k in July 2022. This range was above the city-wide median at the time, indicating sustained demand for well-priced homes in this area.
4. The home was built in 1978. What should I consider?
While the build year is standard for the street, key systems like the roof, windows, furnace, and electrical may be at or beyond their typical lifespan. A thorough inspection is advised to budget for any necessary updates or maintenance.
5. How can I get the exact past sold price?
Due to data display regulations, exact sold prices are not published on this site. You can request the full transaction history via email, and the team will provide the verified figures manually.