Property Overview: 43 Grimsby Place, River Park South, Winnipeg

Key Characteristics & Appeal

This 1,320 sqft home, built in 1981, presents a solid, middle-of-the-road offering in the established River Park South neighborhood. Its primary appeal lies in its balance and practicality. The living space is average for both the neighborhood and the city, fitting comfortably within the typical range for family living. A notable advantage is the lot size of 6,207 sqft, which is above average for River Park South, offering more outdoor space than many nearby properties—a valuable asset for gardening, play, or future expansion.

The home’s assessed value of $420k sits around the average for its immediate street but is above the Winnipeg citywide average for comparable properties. This suggests a stable, established location. Its year of construction is the oldest on its street, which may imply a well-built, classic home but also warrants a close look at updates and maintenance. This property would suit a first-time buyer or a downsizer seeking a manageable size in a mature community, or a practical buyer who values a larger-than-average yard over having the newest home on the block.

Frequently Asked Questions

1. How does this home’s value compare to recent sales on the street?
It last sold between $300k-$350k in 2017. With a current assessed value of $420k, it appears to have appreciated. The assessment is slightly below the current street average of $429k, positioning it as a competitively priced option on Grimsby Place.

2. Is the living space considered small for the area?
At 1,320 sqft, it is below the average for its specific street (1,462 sqft) but is very close to the neighborhood (1,410 sqft) and citywide (1,342 sqft) averages. It offers a standard footprint for Winnipeg.

3. What does it mean that the home is the oldest on the street?
Built in 1981, it is the original benchmark for the street. This can indicate durable construction from that era, but it also highlights the importance of verifying the age and condition of major systems like roofing, windows, and the furnace compared to newer neighboring homes.

4. How significant is the lot size?
The lot is a key feature. At over 6,200 sqft, it ranks in the top 21% for lot size in River Park South, where the average is about 5,447 sqft. This provides appreciably more private outdoor space than many lots in the community.

5. Where can I get verified historical sale data?
The site notes that due to industry rules, precise MLS sale records are not displayed publicly. They offer a manual lookup service where you can request exact sold price history via email, which they will provide without using your address for marketing.