Property Overview: 23 Packard Place, River Park South, Winnipeg

Key Characteristics & Appeal

This home at 23 Packard Place stands out for its above-average size and value within its community. With 2,082 square feet of living space, it is notably larger than most homes in Winnipeg, ranking in the top 9% city-wide. The property is situated on an 8,308 sqft lot, which is significantly larger than the neighborhood average, offering ample outdoor space. Built in 1985, it is a well-established home in a mature area.

The primary appeal lies in its combination of space, a generous lot, and a strong valuation position. With an assessed value of $637,000, it ranks in the top 3% of its neighborhood (River Park South) and top 6% city-wide, indicating a premium property for the area. This suggests a home that offers more room and land than typical offerings, likely with established landscaping and a settled streetscape. It would best suit buyers looking for a spacious family home in a established suburban neighborhood, who prioritize interior and exterior space over a brand-new build, and who see value in a property that already holds a high relative market position within its community.

A less obvious perspective is that its consistent "above average" rankings across street, neighborhood, and city comparisons indicate a reliable and enduring quality, rather than a fleeting trend. The data suggests you are purchasing a property that is a proven standout in its category.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $637,000 is for municipal tax purposes and is a strong indicator of the property's market standing, ranking it very high in its area. However, the final sale price is determined by the current market. For reference, the home last sold in 2017 for between $500,000 and $550,000.

2. Is the 1985 build date a concern?
The year built (1985) is around the average for the street and neighborhood. This typically means major systems may be due for updates or have been recently replaced. A thorough home inspection is recommended to assess the condition of the roof, windows, HVAC, and plumbing.

3. What does the large lot size mean for me?
At 8,308 sqft, the lot is over 50% larger than the River Park South average. This offers significant potential for gardening, recreation, expansions like a deck or patio, and provides more privacy and distance from neighbors than is common in the area.

4. How can I verify the exact past sale prices?
The site provides sold price ranges for reference. To obtain the exact historical sale figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.

5. The home ranks #1 on its street for assessed value. Is that good?
Yes, this indicates it is considered the most valuable property among its 11 direct comparable neighbors. This can be a point of stability and prestige on the street, but it also means property taxes will likely be among the highest on the block.