Property Overview: 3 Stanhope Garden, Winnipeg

Section 1: Key Characteristics & Appeal

This 2013-built home in River Park South presents a compelling mix of modern convenience and relative value. At 1,469 sqft, its living space is slightly above average for the wider neighborhood and city, though it is one of the more compact homes on its own street. The lot size of just over 6,000 sqft is generous for the area, offering good outdoor space.

The primary appeal lies in its balance. It is a relatively new build in a neighborhood where many homes are older, placing it in the top tier for its age locally. The assessed value of $499k is notably above the Winnipeg average, yet it sits below the average for Stanhope Garden itself. This suggests you are acquiring a well-regarded, modern property on a desirable street, but potentially at a more accessible price point than some of its immediate neighbors.

This property would suit practical buyers seeking a low-maintenance, modern home in a family-friendly community without paying a premium for the largest floor plan on the block. It’s ideal for those who value a newer construction year (with likely fewer major repairs in the near term) and a sizable yard, over maximizing square footage. A thoughtful perspective: while it ranks lower on its street for size and value, this can indicate an opportunity to live on a well-established, valuable street where other homes act as strong comparables, potentially supporting future value.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($499k) is for municipal tax purposes and is a starting point. Notably, it is above the city and neighborhood averages but below the average for Stanhope Garden street. Recent sold data suggests homes here transact in a higher range, so the sale price may differ.

2. How does the living area compare to nearby homes?
The home is modern and efficient. At 1,469 sqft, it is larger than the average Winnipeg home but smaller than the average on its own street (1,779 sqft). This means it offers comfortable, above-average space for the city while being one of the more modestly sized homes in its immediate circle.

3. What does the 2013 build year mean for me?
A 2013 build is a significant advantage. It places the home in the top 4% for age in River Park South, meaning major components like the roof, windows, and mechanical systems are relatively new and likely built to more recent codes, reducing immediate repair costs.

4. The sold price history shows a range of $450k-$500k in 2021. How useful is that?
It provides a historical benchmark, showing the home’s market position four years ago. Given changes in the market and the property’s assessed value, it is a reference point, not a predictor of current value. For precise, verified sale history, you would need to request a manual lookup.

5. The lot is larger than the neighborhood average but smaller than the street average. What’s the takeaway?
You are getting a yard that is more spacious than most in River Park South (top 22%), which is a definite asset. While not the largest on Stanhope Garden, it still provides ample private outdoor space, a valuable feature in a newer neighborhood.