Property Overview: 31 Foxrun Place, Rivergrove, Winnipeg
Key Characteristics & Appeal
This home at 31 Foxrun Place presents a compelling blend of space, modern construction, and established value within Winnipeg’s Rivergrove neighborhood. Built in 2010, it is a relatively contemporary property that avoids the concerns of an aging structure while being part of a mature community. With 1,926 sqft of living area, the home offers above-average space both for its immediate street and city-wide, providing ample room for family life without being oversized.
The property’s standout feature is its strong and consistent valuation. Its assessed value of $676k ranks in the top 10% on its street, the top 7% in Rivergrove, and an elite top 5% city-wide, indicating a premium position that is well-recognized. This suggests not just a desirable home, but one in a desirable micro-location. The lot size, while average for the area, is still above the Winnipeg standard, offering good outdoor space.
Its appeal lies in this balance: it’s a modern, spacious home in an established neighborhood that has demonstrably held and grown its value exceptionally well. It would suit buyers looking for a move-in ready home from the last 15 years, who prioritize a sound investment and above-average space, and who appreciate being on a quiet street (Foxrun Place) among other well-valued properties.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value is a strong indicator of municipal valuation for tax purposes, not a market price. However, ranking in the top 5% city-wide signals this property is considered a premium asset. The last known sale was between $600k-$650k in August 2020; the current assessed value suggests significant appreciation since then, which would be reflected in the market price.
2. Is the lot size a drawback?
At 7,206 sqft, the lot is slightly smaller than the street average but larger than the city average. It represents a balanced offering: ample yard space for privacy and recreation, without the extensive maintenance of a much larger lot. For many buyers, this is a practical advantage.
3. What does the "Top 5% city-wide" ranking for value actually mean?
This statistic means that, compared to similar residential properties across all of Winnipeg, this home’s assessed value is higher than approximately 95% of them. It underscores the property’s position in the upper tier of the market, often driven by a combination of its size, age, condition, and location.
4. The home was built in 2010. Are there any potential concerns with homes from that era?
A 2010 build is considered modern and should have contemporary building standards and systems. It’s new enough to avoid major imminent replacements (like a roof) but old enough that any initial construction issues would likely have been resolved. It’s advisable to have a thorough inspection, focusing on systems like HVAC, which may be nearing mid-life.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges for context. Due to industry regulations, exact MLS sold figures are not displayed publicly here. You can request the full, verified transaction history by emailing the site directly; they will provide the exact figures manually without using your email for marketing.