Property Overview: 118 Kingsclear Drive, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,475 sqft home, built in 2018, presents a compelling blend of modern construction and established neighborhood living. Its key appeal lies in its relative newness within a mature area. While the living space is comfortably average for Winnipeg, the home’s assessed value sits well above averages for both the neighborhood and the city, suggesting desirable features or finishes not captured by square footage alone. The lot is slightly more compact than others on its street, which may translate to less yard maintenance.

This property is ideally suited for buyers seeking a move-in ready, modern home without venturing into a brand-new subdivision. It fits those who value a home with contemporary building standards and systems, likely requiring less immediate upkeep than older stock in the area. It would also appeal to data-conscious buyers who recognize the value proposition indicated by its above-average assessment in a stable, established community like River Park South.

Section 2: Frequently Asked Questions

1. Is the home’s above-average assessed value a concern for property taxes?
Not necessarily. While a higher assessment can influence taxes, it primarily reflects the municipality’s valuation of the property relative to others. It often indicates perceived desirability, modern amenities, or premium finishes that support its market value.

2. The lot is noted as smaller than others on the street. How significant is this?
The lot is around average for the wider neighborhood but below the street average. This could mean a more manageable yard with less maintenance. The impact depends on personal preference for outdoor space versus interior modernity.

3. The home sold in 2019. What can that sale price tell us?
The prior sale price (estimated between $400k-$450k) provides a historical benchmark. The current assessed value of $568k reflects market appreciation and municipal valuation methods, but the actual market price is determined by current conditions.

4. How does the “modern build in an older area” factor affect resale?
This can be a double-edged sword. It offers newer construction benefits in a settled community, which is a strong selling point. However, its value must be balanced against the typically larger lots and living areas of some neighboring, albeit older, homes.

5. Where can I get verified historical sale data for this property?
The provided sold price is an estimate from public records. For fully verified and exact transaction history, you must request a manual lookup from the site, as MLS data is not displayed here due to industry regulations.