Property Overview
This 2,006 sqft home at 62 Hindle Gate in Winnipeg's River Park South neighborhood presents a compelling blend of space, modern construction, and established value. Built in 2007, it stands out for its above-average living area compared to most homes in the area and citywide. Its assessed value of $554k is consistently above neighborhood and city averages, suggesting a solid investment in a desirable location. While the lot size is typical for the area, the home's appeal lies in its efficient use of space within a relatively newer build, offering modern infrastructure without being in a brand-new development.
Key Characteristics & Ideal Buyer
The primary appeal of this property is its position as a spacious, modern home within a mature neighborhood. With a living area ranking in the top 11% for both the River Park South area and Winnipeg overall, it offers more interior room than most comparable homes. Its 2007 build date is the newest on its street, meaning major components like the roof, windows, and HVAC are likely younger than those of many neighbors, potentially reducing near-term maintenance costs.
The value proposition is clear: you're purchasing a home that is statistically larger and newer than the majority in its broader market, yet priced in line with its immediate street. This suits buyers looking for a "move-in ready" property without the premium or unpredictability of a brand-new build. It would particularly appeal to growing families seeking space in a settled community, or to value-conscious buyers who prioritize modern systems and less immediate upkeep over having the largest lot on the block.
Frequently Asked Questions
1. How does the sold price from 2022 relate to the current assessed value?
The home sold for between $550k and $600k in July 2022. The current assessed value of $554k aligns closely with that recent sale price, indicating stable market value over the past few years.
2. Is the lot size a disadvantage?
The land area of 5,234 sqft is average for the neighborhood but slightly below the street average. This typically means a smaller yard, which could be a drawback for those wanting extensive outdoor space but a benefit for buyers seeking lower maintenance.
3. What does it mean that the assessed value is "above average" for the area but "around average" for the street?
This indicates the home is valued highly compared to the wider River Park South neighborhood and Winnipeg, but is priced similarly to its direct neighbors on Hindle Gate. This suggests the street itself is a desirable, consistently valued enclave within the area.
4. The home is newer than most on the street. Are there any potential downsides to this?
While newer generally means newer components, it's worth investigating if homes from this specific build period (2007) in the area have any common, known issues. Being the newest on the block is positive, but construction standards can vary by builder and year.
5. How can I get the exact historical sold price instead of the range shown?
The site provides sold price ranges publicly. To obtain the exact sale figure, you must request a manual lookup via email from the service, as they do not have access to or display official MLS sales records.