Property Overview: 131 Willowbend Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated River Park South home presents a solid, grounded opportunity in Winnipeg’s real estate market. Built in 1983, its key strength lies in the generous 6,554 sqft lot, which is notably larger than most on its street and in the neighborhood. This offers valuable outdoor space and potential not found in many comparable properties.

The home itself, with 1,135 sqft of living area, is consistently rated as "around average" in size compared to its immediate street, wider neighborhood, and the city. Its assessed value of $417k follows a similar pattern, sitting close to the street average. A notable point is that, for its street, it is among the newest homes built (ranked in the top 4%), which can be a positive indicator of its foundational build quality relative to direct neighbors.

The appeal here is for the practical buyer who values space and stability over flash. It would suit a first-time homeowner, a small family, or an investor looking for a dependable property in an established community. The standout lot size is a tangible asset for gardening, recreation, or future expansion, offering a less obvious advantage that isn't reflected in the square footage of the home itself. Its recent sale in late 2024 within the $400k-$450k range confirms its market position as a competitively priced, move-in-ready option in its category.

Section 2: Frequently Asked Questions

1. Is the living space too small?
At 1,135 sqft, the home is very typical for the area. It ranks near the middle compared to similar homes on the street, in River Park South, and across Winnipeg. It represents the standard, efficient layout common in neighborhoods of this era.

2. What does the "Elite" ranking for year built mean?
This simply means that on its specific street (Willowbend Crescent), this 1983 home is one of the newest among its 84 comparable properties. It suggests potentially fewer age-related issues than some immediate neighbors, though homes from the early 1980s will still require regular maintenance.

3. How does the lot size compare?
This is a key feature. The lot is over 1,200 sqft larger than the street average and about 1,100 sqft larger than the neighborhood average. This above-average outdoor space is a significant perk for privacy, play, or landscaping.

4. Why is the city-wide assessed value ranking lower than the street ranking?
While the home’s assessed value is typical for Willowbend Crescent, it ranks higher against the street average (Top 37%) than against the entire city (Top 34%). This indicates that property values on this street are relatively strong compared to the broader Winnipeg market, which can be a positive sign for the specific location.

5. How can I find out the exact sold price from 2024?
The public data shows a sale occurred between $400,000 and $450,000. Due to industry data rules, exact sold prices are not published online here. You can request the precise figure via email from the site, and they will provide it through a manual lookup.