Property Overview: 11 Packard Place, River Park South, Winnipeg

Key Characteristics & Appeal

This 1986-built home in River Park South presents a balanced, middle-ground option in the Winnipeg market. With 1,553 sqft of living space, it sits above the city-wide average but is slightly more compact than many homes on its own street, suggesting efficient use of space. Its assessed value of $468,000 follows a similar pattern: above the Winnipeg average but slightly below the immediate street average, potentially offering relative value within a well-established neighborhood.

The appeal lies in its position as a stable, average-plus property within a broader city context. It suits practical buyers looking for a move-in ready home in a mature neighborhood without paying a premium for the largest lot or newest build on the block. It’s particularly well-suited for first-time move-up buyers or downsizers who want more space than the city average but prioritize a manageable layout and a established, tree-lined street. A thoughtful perspective is that while the lot size is smaller than others on Packard Place, it translates to less yard maintenance. Furthermore, its above-average ranking for year built on the street indicates it might be among the more recently built homes in that specific row, which can sometimes correlate with updated building materials or layouts.

Frequently Asked Questions

1. Is this house a good value for the neighborhood?
The assessed value is very close to the River Park South average, suggesting it is priced in line with the neighborhood. It represents a solid, middle-of-the-road value rather than a standout bargain or premium property.

2. How does the living space compare to nearby homes?
The home is slightly smaller than the average on Packard Place itself but larger than the average for both the neighborhood and the entire city. This indicates a comfortable size that is efficient for the area.

3. What does the sold price history show?
Records indicate it last sold between $350,000 and $400,000 in August 2020. For a precise sale price and history, you can request exact figures via email from the site.

4. Is the lot size a disadvantage?
At 5,516 sqft, the lot is smaller than others on the street but is near the neighborhood average. It offers sufficient outdoor space while requiring less upkeep than larger lots, which some buyers may prefer.

5. Are there any obvious red flags from this data?
The data shows no major outliers. The home consistently ranks in the average to above-average range across most metrics city-wide, indicating a property that is typical for its age and area without significant statistical anomalies in value or size.