Property Overview: 94 Regis Drive, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home on Regis Drive presents a solid, no-surprises offering in a mature Winnipeg neighborhood. Built in 1979, its 1,148 sqft living space is notably above average for its immediate street, suggesting a comfortable size compared to its closest neighbors. The assessed value of $381k aligns very closely with both street and city-wide averages, indicating a stable and fair market position.
The primary appeal lies in its established location and relative value. For the River Park South area, the assessed value sits below the neighborhood average, which could represent an entry point into this community. The home’s age is a double-edged sword: it’s among the older homes in the neighborhood, which may imply a need for updates, but it also suggests a potentially more classic construction style and settled streetscape. A key consideration is the land area of 3,602 sqft, which is below average at every comparison level. This points to a more compact, manageable yard—a downside for those seeking expansive outdoor space, but a positive for buyers looking to minimize maintenance.
This property would suit first-time buyers or downsizers seeking a practical home in a established area without a premium price tag. It’s for those who prioritize location and living space over a large lot or newer construction. The data suggests a buyer comfortable with a home of this era, possibly looking to add personal value through renovations over time.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
It last sold between $350k-$400k in May 2022, a price that placed it in the top 20% for the street at that time. The current assessed value of $381k is consistent with the street’s average, suggesting its market position has remained stable.
2. Is the below-average lot size a major concern?
It depends on your lifestyle. The yard is smaller than most in River Park South and Winnipeg overall, limiting large garden or expansion potential. However, it translates to less upkeep, which can be a desirable feature for many.
3. The home is older than most in the neighborhood. What should I consider?
Being built in 1979 places it in the older tier for River Park South. Prospective buyers should pay particular attention to the condition of major aging components like the roof, windows, and heating system, as these could be nearing or past their typical lifespan.
4. The assessed value is below the neighborhood average. Why?
This is likely due to a combination of the home’s older age and smaller lot size compared to the broader neighborhood average. It doesn’t necessarily indicate a problem, but rather reflects these specific characteristics within a community that may have larger, newer homes.
5. Where can I get verified historical price data?
The site notes that exact sold prices are not displayed due to industry rules. They offer a manual lookup service; you can submit a request via email to receive the full transaction history and exact figures directly.