Property Overview: 61 Britannica Road, River Park South, Winnipeg
Key Characteristics & Buyer Profile
This home presents a practical opportunity in Winnipeg's River Park South neighborhood. Built in 1981, it is slightly newer than many comparable homes on its street and across the city. With 1,000 sqft of living space, the house is compact, ranking below local averages for size, which suggests a efficient, manageable layout. The lot is just under 5,000 sqft, aligning closely with neighborhood norms.
Its primary appeal lies in its strong value proposition. The assessed value of $412k is above average for its immediate street and sits comfortably around the citywide average. This indicates a property that holds its value well within its micro-location. The home’s recent sale history shows significant appreciation between its 2018 and 2022 sales, pointing to solid market performance.
This property would best suit first-time buyers, downsizers, or investors seeking a lower-maintenance entry into a stable, established neighborhood. It’s for those who prioritize financial prudence and location over sheer space, offering a chance to own a well-situated asset without a premium price tag. A thoughtful perspective is that its "below average" size could be an advantage, leading to lower utility costs and less upkeep, allowing owners to invest more into customizing the existing space.
Frequently Asked Questions
1. Is the house smaller than others in the area?
Yes. At 1,000 sqft, the living area is below the average for both Britannica Road and the wider River Park South neighborhood. This typically indicates a more efficient, cozy layout.
2. How does its assessed value compare?
Favorably. The $412k assessment is above the street average and around the Winnipeg average, suggesting the property is valued strongly for its specific location and characteristics.
3. What does the sale history tell us?
It sold between $450k-$500k in mid-2022, a notable increase from its $300k-$350k sale in early 2018. This points to strong appreciation over that period, though market conditions have shifted since.
4. How can I find out the exact past sale prices?
The site provides sold price ranges. To receive the exact figures, you must request them via email. The company will perform a manual lookup and send the information directly, as they do not display MLS data.
5. The home was built in 1981. What should I consider?
While newer than the citywide average, a home of this age will likely have had several updates over the years. A thorough inspection is recommended to assess the condition of major systems like roofing, plumbing, and wiring, which may be nearing or past their typical lifespans.