Property Overview: 54 Rillwillow Place, Winnipeg

Key Characteristics & Buyer Profile

This 1978-built home in River Park South presents a clear value-oriented proposition. Its key characteristic is its compact size, with 809 sqft of living space on a 2,726 sqft lot, placing it below average in scale for both the street and the wider neighborhood. The assessed value of $292k is notably below the area average, reflecting this. The appeal lies in its affordability and efficiency within a mature, established community. It represents a lower entry point into homeownership in Winnipeg, with recent sale activity indicating strong demand in its price bracket.

This property would best suit first-time buyers, downsizers, or investors seeking a practical, no-frills home with manageable upkeep and taxes. Its older build year on the street is actually above average, suggesting it may have been well-maintained among its immediate peers. A thoughtful perspective is that its smaller footprint could be seen as an advantage for those seeking a minimalist lifestyle or lower utility costs, despite being statistically below average in size.

Frequently Asked Questions

1. Is this house significantly smaller than others in the area?
Yes. At 809 sqft, the living area is below the averages for Rillwillow Place (908 sqft), River Park South (1,410 sqft), and Winnipeg overall (1,342 sqft).

2. How does its value compare to nearby homes?
Its assessed value ($292k) is below the street average ($312.7k) and significantly below the River Park South neighborhood average ($447.2k), indicating it is priced for its more compact size.

3. What is the lot size like?
The lot is 2,726 sqft, which is smaller than most on the street and in the area. This means less exterior maintenance but also limited space for expansions or large outdoor amenities.

4. It sold recently in 2024. What does that price history suggest?
The 2024 sold price range shows it performed well relative to its own street (top 13%), indicating that well-priced, smaller homes in this location are in demand.

5. How can I get the exact past sale prices?
The site does not display exact MLS sold figures. You must request the exact sold price history via email, and they will provide the verified figures manually.