Property Overview

49 Britannica Road in River Park South is a well-situated family home that presents a clear value proposition. Its appeal is rooted in its generous lot and established neighborhood, balanced against a more compact living space.

Key Characteristics & Ideal Buyer

This 1982 bungalow sits on a notably large, 6,417 sqft lot—the largest on its street and above average for the neighborhood. This is the property's standout feature, offering significant outdoor space for gardening, play, or future expansion. With an assessed value of $385,000, it sits slightly below the street average and offers a more accessible price point within the desirable River Park South area.

The home’s living area of 936 sqft is below average for the street, neighborhood, and city, indicating a more efficient or compact floor plan. This creates a specific dynamic: you are purchasing a premium-sized property with a modest-sized home on it. It last sold between $300,000-$350,000 in April 2023.

This property would best suit first-time buyers or downsizers seeking a manageable home in a mature community without sacrificing yard space. It’s also a potential fit for a long-term investor or homeowner who values the land itself, seeing the existing structure as functional while viewing the large lot as the key asset for future enjoyment or value appreciation.

Frequently Asked Questions

1. Is the below-average living area a major concern?
It depends on your needs. The home offers efficient living, which can mean lower utility and maintenance costs. For some, it's a trade-off for the larger, more private lot—a feature that is harder to find or add later.

2. How does the assessed value relate to the likely selling price?
The $385,000 assessment is a municipal valuation for tax purposes. The home last sold for less ($300k-$350k in 2023), but market conditions change. It’s essential to compare current listings and recent sales for a true market price.

3. What are the implications of having the largest lot on the street?
Beyond immediate privacy and space, it often means fewer overlooking neighbors and more potential for landscaping, adding a deck or shed, or even future expansion (subject to zoning and permit approvals).

4. The home is older than the neighborhood average. Does that mean it’s outdated?
Not necessarily. Built in 1982, it is actually newer than most homes in Winnipeg overall. While systems like the roof or furnace may need attention or updating, the age suggests construction from a well-established era of the neighborhood’s development.

5. Why is there only a sold price range and not an exact figure?
The provided data is sourced from publicly available records, not the MLS. To protect privacy and comply with regulations, exact sold prices require a manual lookup. You can request this detailed history directly from the site.