Property Summary: 37 Britannica Road, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This 1984-built home in River Park South presents a specific value proposition. Its key characteristic is its compact size, with 863 sqft of living area, which is notably below the averages for its street, neighborhood, and city. The lot is also modest relative to the area. However, this is balanced by a relatively newer build date compared to many Winnipeg homes and an assessed value ($374k) that sits close to the citywide average.

The appeal lies in its efficiency and potential entry-point into a well-established neighborhood. It suits first-time buyers or downsizers seeking a lower-maintenance property without leaving a mature community. The home may also attract investors or handy buyers looking for a property with a solid structural age (one of the newest on its street) where value can be added through updates or an addition, given the existing land parcel. It’s a practical choice for those prioritizing location and a sound base over immediate square footage.

Section 2: Frequently Asked Questions

1. Is the price fair given the below-average size?
The last sale (2022) fell between $300k-$350k. The current assessed value is slightly above that range but aligns closely with the Winnipeg average. The price reflects the trade-off: you’re paying for land and location in a mature neighborhood, not for extensive finished living space.

2. What does the "Elite" ranking for year built mean?
On its own street of 23 comparable homes, this house, built in 1984, is the newest. This suggests potentially fewer immediate concerns with major aging components (like roofing or foundation) compared to older neighbors, which is a subtle but valuable advantage.

3. How does the lot size impact future potential?
At 4,357 sqft, the lot is smaller than most in River Park South but near the city average. It likely allows for a manageable yard. For expansion, you would need to consult current zoning bylaws, as the smaller parcel may limit the scope of any potential addition compared to larger lots nearby.

4. Why is the citywide assessed value rank higher than the neighborhood rank?
The assessed value is closer to the Winnipeg average than it is to the higher average in River Park South. This indicates that, broadly speaking, you may get more house for your money in this specific property compared to the city, but it is positioned at a more accessible price point within its own desirable neighborhood.

5. How can I verify the exact past sale price?
The site provides sold price ranges for context. Due to industry rules, exact MLS sale figures are not displayed publicly here. You can request the exact historical sold price by emailing the site directly for a manual lookup.