Property Overview: 7 Barker Boulevard, River West Park, Winnipeg
Section 1: Key Characteristics & Appeal
This 1975-built home in River West Park presents a balanced offering for buyers seeking space and value. Its key characteristic is a generous 7,918 sqft lot, which ranks in the top 12% city-wide, offering significant outdoor potential. The 1,177 sqft living area is modest compared to its immediate neighborhood but aligns closely with the Winnipeg average, suggesting a manageable, efficient footprint.
The appeal lies in its value proposition. With an assessed value of $426k, it sits below the River West Park neighborhood average while being above the city average, positioning it as a more affordable entry into the area. The lot size is a standout feature for gardening, expansion, or simply enjoying more private outdoor space than is typical in the city. Recent sale history shows steady appreciation, with the 2022 sale price ranking in the top 26% city-wide for its time.
This property would suit first-time buyers or downsizers looking for a established neighborhood character without a premium price tag. It’s also a practical choice for value-conscious buyers who prioritize land size over a large interior, seeing potential in the lot itself. The data suggests it’s not the largest or most updated home on the street, but it offers solid fundamentals and a competitive price point for the land you acquire.
Section 2: Frequently Asked Questions
1. Is the living space too small for the neighborhood?
While the home’s living area is below the River West Park average, it is very close to the Winnipeg city-wide average. This indicates a more compact, efficient layout compared to some neighboring homes, which can mean lower utility costs and less maintenance.
2. How does the assessed value impact my property taxes?
The assessed value of $426k is used to calculate your share of municipal taxes. It’s notably below the neighborhood average of ~$485k, which is a positive indicator for potentially more manageable property taxes relative to other homes in River West Park.
3. What does the lot size ranking actually mean?
Ranking in the top 12% city-wide for lot size means this property has a significantly larger yard than the vast majority of homes in Winnipeg. This is a durable asset that adds privacy, recreational space, and future potential.
4. Why are the sold prices shown as a range?
For privacy and due to data sourcing rules, non-MLS sold prices are displayed in broad bands unless you request exact figures. The provided ranges show the home has appreciated from the $250k-$300k range in 2017 to the $400k-$450k range in 2022.
5. The home is "around average" for its age. Is that a concern?
Built in 1975, it is typical for its street and area. This means major components like the roof, windows, and systems are likely within a common age range for replacement or updating, which should be factored into a home inspection and budgeting.