Property Overview: 118 Pately Crescent, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This well-established home on Pately Crescent presents a compelling opportunity in Winnipeg's River Park South neighborhood. Its primary strength is its generous living space. At 1,754 sqft, the home is notably larger than most comparable properties on its street, in the area, and across the city, ranking in the top tiers for size. Built in 1984, it is also among the newer homes on its block. The assessed value of $455k sits above average for both the street and the city, reflecting these desirable traits.

The appeal lies in its position within a mature, stable neighborhood where the home itself stands out for its scale and relative modernity. It suits buyers looking for established community charm without sacrificing interior space. It’s an ideal fit for a growing family needing room to spread out, or for someone seeking a home that already offers above-average square footage, potentially minimizing the need for immediate additions. A thoughtful perspective is that while the lot size is average for the area, the efficient use of space is in the home's footprint, prioritizing living area over extensive yard maintenance.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
The home last sold between $400k-$450k in late 2023. This sale price ranked around the middle of the street’s historical sales, suggesting it was a market-value transaction at that time, despite the home's above-average assessed value and living area.

2. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The current assessed value is $455k, which is used for calculating property taxes. Market conditions, the home’s specific condition, and updates since assessment will ultimately determine the listing price. It does, however, indicate the home is considered a higher-value property in its peer group.

3. What does the "Elite" ranking for living area really mean?
It means that among the 52 comparable homes on Pately Crescent, this house has the largest living area. You are getting more interior space than virtually any other similar home on the street, which is a significant and permanent advantage.

4. The home was built in 1984. What should I consider?
While newer than many Winnipeg homes, a 1984 build means essential systems (roof, windows, HVAC, plumbing) are likely at or approaching key replacement ages. A thorough inspection is crucial to understand the remaining lifespan of these major components and to budget accordingly.

5. How can I verify the exact past sale prices?
The public data shown is presented in broad ranges. To obtain the exact historical sale figures, you must request a manual lookup from the site provider via email, as they do not display MLS-sourced sold data due to industry regulations.