Property Overview: 135 Summerfield Way, River East, Winnipeg

Key Characteristics & Appeal

This 720 sqft home, built in 1972, presents a compact and efficient living space on a 3,023 sqft lot in Winnipeg's River East neighborhood. Its primary appeal lies in its position as a more accessible entry point into the market. With an assessed value of $261k, it sits notably below area averages, offering a lower financial barrier compared to most homes in River East and across the city. This is a property defined by its practicality rather than its size.

The home would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance property. Its below-average metrics for living and land area suggest a manageable footprint, which can mean lower utility costs and less upkeep. A thoughtful perspective is that its smaller scale and established neighborhood (with homes from the same era) could foster a strong sense of community, appealing to those who prioritize location and simplicity over square footage. It represents an opportunity to gain a foothold in a stable area where many other properties are valued significantly higher.

Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The assessed value ($261k) is used for municipal tax purposes. Market value (the likely sale price) is determined by current buyer demand, the home's condition, and recent sales of comparable properties, which may differ.

2. The living area is smaller than average. How might that affect resale?
While the smaller size limits its appeal to larger families, it also creates a specific market niche. It may appeal to future buyers with similar needs—first-timers, downsizers, or investors—potentially ensuring steady demand in its category, albeit possibly with a different buyer pool than larger homes.

3. What does the "Top 95%" ranking for neighborhood value mean?
This statistic means the home's assessed value is in the bottom 5% for River East. In practical terms, it indicates this is one of the more affordable properties in the area, which can be an advantage for entering the neighborhood but may also reflect the home's smaller scale.

4. Can I get an exact sale history for this property?
The public data on this site does not show a detailed transaction history. You can request exact sold price figures by email, and the service will manually look up the most accurate available information and provide it directly to you.

5. How does the lot size compare, and what does it mean for me?
At 3,023 sqft, the lot is smaller than most in the area. This typically means less yard maintenance, which can be a benefit for those seeking simplicity. However, it may also limit potential for large additions or extensive outdoor living spaces compared to properties with larger lots.