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

Section 1: Key Characteristics & Appeal

This 1,268 sqft bungalow, built in 1986, presents a straightforward opportunity in Winnipeg's River Park South neighborhood. Its core appeal lies in its position as a statistically average home in many respects, offering a stable and predictable entry point into the market. The living area is consistently around the average for its street, neighborhood, and city, suggesting a comfortable, typical size for the area.

The most compelling financial characteristic is its assessed value of $384k, which sits below the average for its immediate street and neighborhood, yet aligns closely with the Winnipeg citywide average. This indicates a potentially more accessible price point within its own community, which could appeal to value-conscious buyers. However, it's paired with a notably smaller lot (4,230 sqft) compared to neighbors, which is a key trade-off. This lower-maintenance yard could be a perk for some but a limitation for others.

The home would suit first-time buyers or practical downsizers seeking a move-in-ready, no-surprises property in an established neighborhood. Its average metrics suggest less risk of overpaying relative to the immediate area, while the below-average lot size underscores a purchase focused more on the home itself than outdoor space. A thoughtful perspective is that this property represents the "median" experience of homeownership in this part of Winnipeg—offering neither the premium features nor the major compromises of more outlier properties.

Section 2: Frequently Asked Questions

1. Is this home priced below its neighbors for a reason?
The assessed value is below the street and neighborhood averages. The most quantifiable reason from the data is the significantly smaller lot size. It's wise to investigate the home's condition, updates, and layout to understand if there are other contributing factors.

2. How does the smaller lot impact daily living?
It means less yard maintenance, which is a benefit for those seeking simplicity. The trade-off is less private outdoor space for gardening, play, or entertainment. Compared to nearby homes, your yard will be more compact.

3. The home last sold in 2017. What does that tell us?
It suggests longer-term, stable ownership, which can be positive. However, it also increases the likelihood that major systems (roof, furnace, windows) may be nearing or due for updates, even if the 1986 build date is relatively newer city-wide.

4. How "average" is this property really?
The data shows it is remarkably median. Its living area and citywide assessed value are almost exactly at their respective benchmarks. This can be reassuring, indicating it's a typical representation of the market without extreme highs or lows in key size and value metrics.

5. Where can I get verified sale price history?
The provided data notes that exact sold prices are not displayed due to industry rules. You can request the exact sale history for this property directly via email from the source, SaveOnHouse, for a manual lookup.