Property Overview: 307 Park Manor Boulevard, Winnipeg
Key Characteristics & Appeal
This 1977-built home in Riverbend presents a specific value proposition centered on its efficient use of space. At 1,440 sqft, the living area is notably above average for its immediate street and competitive within the broader neighborhood and city. This suggests a well-utilized floor plan that maximizes interior space. The assessed value of $327k is below the Riverbend neighborhood average, potentially indicating an entry point into the area.
The primary trade-off is the lot size. At 2,498 sqft, the property sits on a significantly smaller parcel than most homes on the street and in Winnipeg overall. This appeals to buyers seeking lower exterior maintenance without sacrificing interior square footage. The home suits practical, first-time buyers or downsizers who prioritize a manageable yard and are comfortable with closer proximity to neighbors. Its value lies in offering more house for the dollar compared to area averages, while accepting a compact outdoor space.
Frequently Asked Questions
1. Is the below-average lot size a major drawback?
It depends on your lifestyle. The smaller lot means minimal yard maintenance, which is a benefit for those not wanting extensive gardening or upkeep. However, it offers less private outdoor space and potential for expansion.
2. Why is the assessed value below the neighborhood average?
The lower assessment is likely influenced significantly by the smaller land area. In established neighborhoods, land value is a major component. The interior space is competitively sized, but the property as a whole is valued on a smaller parcel.
3. How does the home’s age affect its condition?
Built in 1977, it is older than most homes in Riverbend but typical for its specific street. Buyers should prioritize a thorough inspection, as major systems (like roof, windows, plumbing, or electrical) may be due for updates or replacement.
4. What does the sold price history indicate?
The home sold in 2022 and 2017. The 2022 sale price ranked in the top 13% for the street, suggesting it commanded a premium at that time, possibly due to market conditions or specific updates. This history underscores the importance of understanding what the current condition and market justify.
5. How does this property compare to others on the street?
It offers more interior space than the average home on Park Manor Boulevard but on a much smaller lot. This creates a different profile than the typical area property, catering to a buyer with different priorities.