Property Overview: 38 Shier Drive, River West Park, Winnipeg
Key Characteristics & Appeal
This 1974-built home in River West Park presents a compelling mix of space, value, and location. With 2,002 sqft of living area, it offers substantially more room than the average Winnipeg home and is above average for its neighborhood. The lot size of 9,125 sqft is a significant asset, providing ample outdoor space that ranks well above city and neighborhood norms. While its assessed value of $526k is below the high average for Shier Drive itself, this positions the property as a more accessible entry into a well-established street. The home last sold in August 2024 for an estimated $700k-$750k, a price that placed it in the top tier city-wide.
The appeal lies in its balanced offering: generous interior and land space in a mature neighborhood, without the premium price tag of the largest homes on the street. It would suit practical buyers looking for a spacious family home on a good-sized lot, who value neighborhood character over a brand-new build. A thoughtful perspective is that this home represents the "value play" on its street—offering the same location and community benefits as larger, higher-assessed neighbors, but at a potentially more manageable scale and tax assessment.
Frequently Asked Questions
1. How does the home’s size compare to others nearby?
It’s larger than most homes in Winnipeg and in the River West Park neighborhood, but is actually one of the more modestly sized homes on Shier Drive itself, where many houses are larger.
2. Why is the assessed value lower than the street average?
The average assessed value on Shier Drive is skewed higher by several larger or more recently updated homes. This home’s assessment is more aligned with, though still above, the wider neighborhood average, reflecting its specific attributes.
3. What does the recent sold price indicate?
The August 2024 sale in the $700k-$750k range suggests the market valued it significantly above its municipal assessed value, placing it in the top 5% of the neighborhood and top 3% city-wide for sale price at that time.
4. Is the lot size typical for the area?
The lot is above average for both the neighborhood and the city. On Shier Drive, it is around the middle of the range, meaning some neighbors have larger lots, but many in the surrounding area have smaller ones.
5. How can I get the exact historical sold prices?
Due to data display rules, exact figures are not published on the site. You can request the full transaction history and exact sold prices via email, and the team will provide them manually.