Property Overview: 486 River Road, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 486 River Road in Minnetonka presents a practical and competitively positioned offering. Built in 1984, it is notably newer than many homes on its street and in the wider area, which can be a significant advantage for maintenance and system updates. With 1,321 square feet of living space, it offers a comfortable size that is very close to the Winnipeg city-wide average, making it a sensible fit for small families, couples, or downsizers.

The appeal here is one of balance and value within an established neighbourhood. The lot, while smaller than others on River Road, is still a manageable size for low-upkeep outdoor living. Recent sale data indicates strong market activity, with the home selling between $400,000 and $450,000 in 2024. This property suits buyers looking for a home that requires minimal immediate work due to its relatively modern age, and who prioritize a efficient layout over a sprawling lot. It’s a straightforward home that offers a foothold in the community without the premium often attached to larger estates or brand-new builds.

Section 2: Frequently Asked Questions

1. How does the lot size impact the property?
While the land area is below average for River Road and Minnetonka, it is closer to the city-wide norm. This typically translates to less yard maintenance and lower exterior costs, which can be a benefit for those seeking a simpler lifestyle.

2. What does the "above average" year built mean for me?
A 1984 build date places this home in the top 20% newest homes in its immediate area. In practical terms, this often suggests that major components like roofing, windows, and plumbing may have more usable life remaining than in older neighbouring homes, potentially reducing near-term capital expenses.

3. The assessed value seems low compared to the sale price. Why?
Municipal assessed value (listed here as $42,400) is for tax purposes and is typically a fraction of a home's market value. The 2024 sale price range of $400,000-$450,000 reflects the actual market value determined by a buyer and seller.

4. Who would this home not be ideal for?
Buyers seeking a very large private yard, extensive space for expansion, or a home significantly larger than average for the area might find this property limiting. It's geared more toward efficient living than expansive living.

5. How can I get the exact historical sale price?
The precise sale price is not publicly listed in detail. You can request it directly via the email option provided on the listing page; the service commits to providing the accurate figure manually without using your email for marketing.