Property Overview: 254 Tufnell Drive, Winnipeg

Key Characteristics & Appeal

This 1979 home in River Park South presents a practical opportunity in a mature neighborhood. With 1,028 sqft of living space, it is modestly sized compared to area averages, which may appeal to those seeking a manageable layout without excess space to maintain. Its assessed value of $370k sits below the neighborhood average but aligns closely with the Winnipeg city-wide average, suggesting a competitively priced entry point into the area.

The appeal lies in its efficiency and established location. The lot is notably smaller than most on the street and in the neighborhood, which translates to less yard work and lower exterior maintenance—a potential benefit for downsizers, first-time buyers, or those prioritizing a simpler lifestyle. The home's construction year is older than many in River Park South but is typical for its immediate street and actually newer than the city-wide average for comparable homes, indicating a solid, time-tested build.

This property would best suit value-conscious buyers looking for a foothold in a settled community. It’s a candidate for someone comfortable with a home that may require updates reflective of its era, or for an investor seeking a rental property with a stable assessment history. The recent sale in early 2023 (in the $350k-$400k range) provides a relevant, recent market benchmark.

Frequently Asked Questions

1. Is the smaller lot size a disadvantage?
While the land area is below average for the street and city, it reduces maintenance time and costs. For buyers who don't prioritize extensive gardening or outdoor space, it can be a practical benefit rather than a drawback.

2. How does the assessed value relate to likely selling price?
The $370k assessment is a municipal valuation for tax purposes, not a market price. However, it provides a useful anchor. The home sold for between $350k and $400k in early 2023, so the current assessment appears closely aligned with that recent sale range.

3. The living area is ranked "below average" for the neighborhood. How significant is this?
The home has about 380 sqft less than the River Park South average. This means more compact living spaces. Buyers should consider if the layout meets their spatial needs, but for individuals, couples, or small families, it can be sufficient and efficient.

4. What does the "Above Average" year built ranking on the street mean?
On Tufnell Drive itself, this 1979 home is newer than many of its direct neighbors. This suggests the immediate streetscape consists of well-established homes from a similar era, offering neighborhood consistency.

5. Where can I get the exact historical sold prices?
The provided data shows sold price ranges. Due to industry rules, exact sale figures are not published automatically. You can request the full transaction history and exact sold prices via email from the site, which they will provide manually without using your email for marketing.