Property Overview: 2 Orford Crescent, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated home in River Park South presents a solid, above-average offering within its market. Built in 2002, it is newer than most homes in Winnipeg and notably newer than many on its own street, suggesting modern construction standards and potentially lower immediate maintenance needs. With 1,595 sqft of living space, it sits comfortably above the city-wide average, offering ample room for a growing family or those seeking spaciousness.

The property’s primary appeal lies in its strong positional value. The assessed value of $543k ranks within the top 17% of the River Park South neighborhood and the top 14% city-wide, indicating a perception of enduring value in a desirable area. The lot size of nearly 6,000 sqft is generous for the neighborhood, providing valuable outdoor space that is increasingly sought-after.

This home would best suit pragmatic buyers looking for a move-in-ready property in an established community. It appeals to those who value data-backed metrics—consistently above-average rankings in value, lot size, and year built—over a flashy renovation project. It’s a property for someone who sees a home as a long-term investment in a stable area, offering a balance of modern comforts, a sizable yard, and a location that holds its worth well compared to broader city benchmarks.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to what it last sold for?
It sold in May 2021 for an estimated price between $450,000 and $500,000. The current assessed value of $543,000 suggests significant appreciation, aligning with broader market trends. Exact historical figures can be provided upon request.

2. Is the living space considered large for the area?
At 1,595 sqft, it is slightly above the neighborhood average and notably above the Winnipeg average. On its specific street, it is just below the average, meaning it offers very typical space for Orford Crescent but stands out as more spacious when viewed in the wider city context.

3. What does the “above average” assessed value ranking mean for property taxes?
While an above-average assessment generally correlates with higher property taxes compared to lower-valued homes, it also reflects the property’s strong market position. The ranking indicates it is valued highly relative to its peers, which is positive for equity, but buyers should budget for taxes commensurate with a home in the top 20% of the neighborhood.

4. The home is newer than most on the street. What are the implications?
Being built in 2002 (where the street average is 1999) means major components like the roof, windows, and mechanical systems are likely in a later stage of their lifecycle than the neighborhood’s older homes. This can be an advantage, potentially deferring costly replacement timelines for a buyer.

5. How does the lot size compare?
The lot of 5,986 sqft is larger than both the street and neighborhood averages, which is a significant asset. It offers more private outdoor space than many nearby properties. City-wide, the lot is around average, highlighting that larger lots are a common feature in this specific community.