268 Glencairn Road

Property Overview: 268 Glencairn Road, Riverbend, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a compelling mix of relative modernity and value within its established Riverbend neighborhood. Built in 2001, it is notably newer than most homes on its street and across Winnipeg, suggesting updated building systems and potentially lower immediate maintenance needs compared to older stock. With 1,051 sqft of living space and a 4,046 sqft lot, the property is more compact than many neighbors, offering a manageable scale.

Its primary appeal lies in its position as a relatively contemporary home in a mature area, often at a more accessible price point than larger lots on the same block. The assessed value of $387k is below the street average but aligns with city-wide norms, indicating a value-oriented entry into a desirable neighborhood. This property would suit first-time buyers, downsizers, or investors seeking a modern structure without a premium lot size. It’s a practical choice for those who prioritize the home’s condition and era over expansive square footage or yard space, offering the benefits of a settled community without the quirks of a much older build.

Section 2: Frequently Asked Questions

1. Is the smaller lot size a significant drawback?
While the lot is below average for the street, it translates to less yard maintenance. For buyers who prefer spending time indoors or value a low-maintenance lifestyle, this can be a practical advantage rather than a drawback.

2. How does the 2019 sale price relate to today’s value?
The home sold for between $300k-$350k in mid-2019. The current assessed value of $387k reflects market changes since then, but a professional appraisal and current market analysis are essential to determine its present fair market value.

3. What does "elite" ranking for year built mean?
Ranked in the top 5% on its street, it simply means 268 Glencairn Road is one of the newest houses on the block. This generally implies construction methods, wiring, and plumbing that meet more recent codes compared to neighboring homes built decades earlier.

4. Are the property taxes likely to be high?
The assessed value is the city’s basis for calculating property tax. With an assessment slightly below the neighborhood average and aligned with the city average, the taxes should be reasonably typical for a Winnipeg home of this value, but the exact mill rate should be confirmed.

5. Why is the living area considered below average locally but around average city-wide?
This highlights the character of the specific neighborhood. Riverbend and Glencairn Road may have larger-than-average homes. Compared to the entire Winnipeg market, however, the size is more typical. It underscores that this is a moderately sized home in a neighborhood that contains many larger ones.