Property Overview: 264 Aldgate Road, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a balanced and above-average offering in Winnipeg's River Park South neighborhood. Built in 2008, it is notably newer than most comparable homes on its street and in the wider city, suggesting modern construction standards and potentially lower near-term maintenance costs. With 1,248 sqft of living space, the house is of average size for the area, but it sits on a generous 6,535 sqft lot that ranks in the top 5% on Aldgate Road, offering valuable outdoor space.

The primary appeal lies in its strong fundamentals: a newer home on a large lot in a stable neighborhood. Its assessed value of $527k is consistently above average at the street, neighborhood, and city-wide levels, indicating solid perceived value. This property would suit practical buyers seeking a move-in-ready home without major renovation projects, as well as those who prioritize private outdoor space over a maximized interior square footage. It’s a sensible choice for growing families or downsizers who want a manageable home with room for a garden, play area, or future additions.

Section 2: Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $527k is for municipal tax purposes and is a historical snapshot. It indicates the home is valued above average for the area, but the final sale price will be determined by current market conditions, the home's specific condition, and buyer demand.

2. The living area is listed as "around average." Is the house too small?
At 1,248 sqft, it is comparable to many homes in River Park South. The efficient use of space in a newer build (2008) often means better layouts than older homes of similar size. The significant trade-off is the much larger-than-average lot, which expands your usable space outdoors.

3. What does the "Elite" ranking for year built and land area actually mean?
On Aldgate Road, this home is among the newest 2% and sits on a lot size in the top 5% compared to its immediate neighbors. This suggests you benefit from newer infrastructure and more privacy or yard space than most on the same street.

4. The home sold in 2016. What can that past sale tell me?
The previous sale price (estimated between $350k-$400k) provides a historical benchmark, showing significant appreciation over nine years. It confirms the area's long-term desirability, but it does not directly predict the current market value.

5. Are there any potential concerns with a 2008 build?
While newer builds have advantages, this era of construction falls after the major polybutylene plumbing and knob-and-tube wiring issues. It's still prudent to check for standard wear and tear and ensure any builder-provided warranties have been properly maintained or transferred.