Property Overview: 371 Barker Boulevard, River West Park, Winnipeg
Key Characteristics & Buyer Appeal
This 1,122 sqft bungalow, built in 1976, presents a distinct value proposition within the established River West Park neighborhood. Its primary appeal lies in its significantly below-average assessed value of $256k, which is well under the averages for its street ($438.5k) and neighborhood ($485.6k). This creates a notable entry point into a mature area. The lot size of 6,660 sqft is above the Winnipeg average, offering good outdoor space relative to many city homes.
The home suits practical, value-conscious buyers. It's ideal for a first-time homeowner seeking a foothold in a stable neighborhood without the premium price tag, or for an investor looking for a rental property with a lower initial outlay. Its smaller living area, while below local averages, may appeal to those seeking easier maintenance or looking to customize and potentially add square footage over time. A thoughtful perspective is that this property's lower valuation could provide a buffer against market softening, while its older vintage suggests any major systems (roof, furnace) may be due for inspection or updating.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
While specific reasons aren't provided, a significantly lower assessment often correlates with factors like a smaller living area, a need for modernization, or unique lot characteristics. It's a key point for professional inspection and appraisal.
2. How recent is the sale history, and what did it sell for?
Records show a sale between April 2019 for a price in the CA$200k–250k range. For fully verified and exact historical sold prices, you must request a manual lookup from the site via email.
3. Is the living area considered small?
Yes, relative to its immediate area. At 1,122 sqft, it's below the averages for both Barker Boulevard (1,486 sqft) and River West Park (1,678 sqft), but is closer to the Winnipeg citywide average (1,342 sqft).
4. What does the "Top X%" ranking mean?
It indicates how this property compares to peers. For example, its assessed value is in the top 97% on its street, meaning it's less valuable than 97% of comparable homes—or, put another way, only 3% of homes on the street have a lower assessed value.
5. Where can I see more detailed comparisons with nearby homes?
The listing suggests using the "neighbourhood analysis page" to view this property on a map alongside nearby houses, comparing details like year built, living area, and lot size.