Property Overview: 50 Valley View Drive, Heritage Park, Winnipeg

Key Characteristics & Appeal

This two-storey home at 50 Valley View Drive is a standout property in Winnipeg’s Heritage Park neighborhood, distinguished by its generous scale and premium lot. Its primary appeal lies in offering substantial space—both inside and out—that significantly exceeds local norms. With 2,390 sqft of living area, the home ranks in the top 1% for size on its street and in the neighborhood, providing roominess rare for the area. This is complemented by an 8,504 sqft lot, which is considerably larger than most nearby properties, offering valuable outdoor space and potential.

The home’s assessed value of $490k positions it well above average for the city, suggesting a quality build, desirable location, or significant updates (including a renovated basement). Built in 1968, its age is typical for the area, indicating a mature, established streetscape. The data reveals a property that doesn’t just meet neighborhood standards but consistently surpasses them, particularly in square footage and land area.

This home would ideally suit buyers looking for a established-family home in a mature neighborhood who prioritize interior space and a large yard over a brand-new build. It’s for those who see value in a property that already ranks among the largest in its immediate community, offering privacy and room to grow that can be hard to find closer to the city core. A thoughtful perspective is that while the home is elite in size for Heritage Park, its value is above average but not in the top tier city-wide for price—this could represent an opportunity to acquire premium space in a specific neighborhood without the premium of the absolute most expensive city districts.

Frequently Asked Questions

1. How does the size of this home compare to others nearby?
The living area is 2,390 sqft, which places it in the top 1% for size on Valley View Drive and in the Heritage Park area, where comparable homes average around 1,300 sqft. The lot size is also in the top 10% city-wide.

2. What is the property’s assessed value and what does it indicate?
The assessed value is $490,000. This ranks in the top 3% on its street and top 8% in Heritage Park, indicating it is a higher-value home for the neighborhood, likely due to its size, condition, and features.

3. Has the property been updated?
The listing notes a renovated basement. For details on other updates to the 1968 home, a viewing or inquiry with the listing agent is recommended.

4. What is the price history?
Public records indicate a sale in October 2017 for a price range between $405,000 and $435,000. The exact sold price can be requested directly from the site.

5. Is this a good value for the area?
The data suggests you are paying a premium for exceptional space. The home’s living area and lot size are elite for the immediate area, while its assessed value, though high for the street, is not in the city’s top tier. This points to a property whose value is strongly tied to its substantial physical attributes within a desirable, established neighborhood.