Property Overview: 8 Highbury Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 901 sqft bungalow, built in 1993, presents a practical and affordable entry point into Winnipeg’s River Park South neighborhood. Its primary appeal lies in value and efficiency rather than size. While the living area is below average for the street, neighborhood, and city, the property compensates with a newer build year (ranking in the top 11% on its street) and a lot size that is above average for Highbury Road. The assessed value of $370K sits slightly below the street average but aligns closely with the Winnipeg-wide average, suggesting a fairly priced, no-frills offering.
This home would suit first-time buyers, downsizers, or investors seeking a low-maintenance property in an established, family-oriented community. Its appeal is for those prioritizing a modern building foundation and a manageable yard over square footage. A thoughtful perspective is that its smaller scale and efficient layout could mean lower utility costs and less upkeep, offering a simpler lifestyle. Compared to nearby reference properties, which are larger and valued significantly higher, this listing fills a specific niche for budget-conscious buyers wanting a foothold in the area.
Frequently Asked Questions
1. Is the living area too small?
At 901 sqft, the home is compact. It ranks below average in size compared to most peers on the street, in the neighborhood, and city-wide. It is best suited for individuals, couples, or small families comfortable with efficient living spaces.
2. How does the assessed value compare?
The $370K assessment is slightly below the street average ($384.2K) and neighborhood average ($447.2K), but is very close to the city-wide average ($390.1K). This indicates the property is assessed in line with broader Winnipeg norms, potentially offering relative value within its own more expensive neighborhood.
3. What are the positives of a 1993 build year?
A 1993 construction is newer than most Winnipeg homes (top 21% city-wide) and on its street (top 11%). This can mean updated building standards, potentially fewer major system replacements in the near term, and modern insulation compared to older stock.
4. How does the lot size compare?
The 4,786 sqft lot is above average for Highbury Road (top 17%), offering more outdoor space than many direct neighbors. It is around the average size for the wider River Park South area and slightly below the city average.
5. What was the recent sale history?
Public records indicate a sale between $400K-$450K in September 2023. This placed it in the top 25% of sold prices on its street at that time. For verified, exact sale figures, a manual lookup can be requested from the site.