Property Summary

Key Characteristics & Buyer Profile

This is a 2017-built home with roughly 1,132 square feet of living space on a 5,806-square-foot lot in Richmond West. The house is newer than almost everything around it—only 1% of homes in the area are newer, and it lands in the top 5% citywide for construction year. The assessed value sits at $476,000, which is above the city median but below average for Richmond West, where older, larger homes tend to push the area's baseline higher.

The living area itself is modest—on the smaller side for the neighbourhood and slightly under the city median. The lot, however, is around average for Winnipeg as a whole, though it's narrower than many on Isleview Place.

The appeal here isn't square footage or land size. It's the combination of a newer build with a relatively accessible price point in a well-established south-end area. Richmond West is known for mature trees, decent schools, and a stable residential feel. A 2017 home means modern building standards, better insulation, and likely lower immediate maintenance costs than older stock nearby.

This suits buyers who want a newer home without paying for a full-size family house. First-time buyers, downsizers, or investors looking for a solid rental in a desirable neighbourhood would find it practical. Someone who wants a large lot for gardening, a workshop, or future expansion should look elsewhere. The property is built for efficiency and convenience, not space for its own sake.

Five FAQs

1. How does the property's assessed value compare to similar homes on the street?

It's above average for Isleview Place—in the top 11%—but below the Richmond West median. That's because the street has a mix of older homes on larger lots that command higher assessments, while the area overall leans toward bigger, pricier houses.

2. Is the living area likely to feel cramped for a small family?

It depends on the family. 1,132 square feet is workable for a couple with one child, but tight for two kids or anyone who works from home and needs dedicated office space. The layout matters more than the number—if it's open-plan with no wasted hallway space, it can feel larger than the raw number suggests.

3. How much yard maintenance should be expected with a 5,800-square-foot lot?

That's a standard city lot for older Winnipeg neighbourhoods. Mowing takes about 30–45 minutes with a push mower. There's enough room for a small garden or kids' play structure, but not so much that upkeep becomes a weekend project.

4. What's the neighbourhood like for resale value in five to ten years?

Richmond West holds value well because it's built out and demand stays steady—people like the location and schools. The 2017 build means you won't face the age-related depreciation that older homes on the street might. The smaller living area could limit upside, though. It's unlikely to outperform larger homes in the area unless the market shifts toward valuing newer builds more.

5. Are there any hidden drawbacks to a 2017 home in this price range?

Build quality from that era is generally good, but you should check for the usual post-2010 issues: cheap vinyl flooring, hollow-core doors, or builder-grade fixtures that might need replacing sooner than expected. Also, newer neighbourhoods in Winnipeg sometimes have drainage quirks. Ask about the lot grading and whether water pools anywhere in the yard during heavy rain.