Property Overview: 21 Maitland Drive, River Park South, Winnipeg

Key Characteristics & Buyer Appeal

This 844 sqft bungalow, built in 1983, presents a practical entry point into Winnipeg’s River Park South neighborhood. Its primary appeal lies in value and efficiency. The home is notably newer than most on its street and is positioned at a more accessible assessed value point compared to area averages. This creates a distinct opportunity: it’s a chance to own in a stable, established suburban area without the premium price tag of larger homes.

The property suits first-time buyers, downsizers, or investors seeking a manageable footprint with lower carrying costs. The compact living area and smaller lot (3,181 sqft) translate to less maintenance, which is a significant, though less obvious, benefit for those seeking simplicity or looking to allocate resources elsewhere. While the home ranks below average in size relative to its immediate street and wider neighborhood, this is precisely what underpins its affordability. A buyer here is prioritizing location and fundamentals over square footage, betting on the long-term value of the lot and the community rather than immediate space.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $328k is below the street and neighborhood averages, which can indicate a value opportunity. However, market conditions, the home’s interior condition, and recent upgrades are the ultimate drivers of sale price. The last known sale was between $250k-$300k in mid-2019.

2. How does the smaller living area impact livability?
At 844 sqft, the home is compact. This favors efficient, minimalist living or could be suitable for a couple or single occupant. It’s significantly smaller than the area average (1,410 sqft), so buyers needing multiple bedrooms or dedicated office spaces should carefully consider their space needs.

3. What are the advantages of the home being newer than others on the street?
Built in 1983, it is the newest home on Maitland Drive. This can potentially mean fewer immediate concerns with aging major components (like roofing or foundation) compared to older neighboring homes, assuming it has been reasonably maintained.

4. The lot size is smaller than average. What does this mean for me?
The 3,181 sqft lot requires less yard work and upkeep, which is a plus for those not wanting extensive gardening or maintenance. The trade-off is less private outdoor space for play, gardening, or entertaining compared to other properties in River Park South.

5. How can I find out the exact historical sold prices for this property?
The site provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not published automatically. You can request the full transaction history and exact figures via email through the provided form on the property page.