Property Summary: 59 Ashford Drive, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct value profile centered on its generous lot. At just over 7,000 sqft, the property offers a significantly larger yard than most on its street and in the River Park South neighborhood, ranking in the top 12% locally. This is the home's standout feature, appealing to buyers seeking outdoor space for gardening, play, or future expansion.

The house itself, built in 1979, is more modest in size at 1,000 sqft, placing it below area averages. Its assessed value of $420k is above average for the street but aligns closely with the Winnipeg-wide average. This creates an interesting dynamic: you are investing more in the land than the structure. The appeal lies in the potential of the lot, making it suitable for a buyer comfortable with a smaller, older home who prioritizes a large, private outdoor space. It could also attract those with a longer-term view of possibly updating or expanding the existing home to match the lot's potential. Recent nearby sales suggest a stable market for homes in this condition and size range.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($420k) is a municipal figure for tax purposes. While it provides a benchmark, the actual market price is determined by current buyer demand. Recent sold data for the area shows a range, suggesting the sale price could be above or below this assessment.

2. How does the smaller living area impact value and livability?
At 1,000 sqft, the home is functionally smaller than many in the area. This typically translates to a lower price per square foot compared to larger, updated homes, but it also means lower utility costs and less maintenance. It's well-suited for smaller households or those willing to trade interior space for the substantial yard.

3. What does the larger lot size practically mean for a buyer?
Beyond simple privacy, a lot size in the top 8% on the street offers tangible opportunities not available with a standard lot. This includes ample room for additions like a shed, deck, or garage, and greater flexibility for landscaping, rainwater management, or even future subdivision, subject to city bylaws.

4. The home was built in 1979. What should I anticipate?
Homes from this era may have original components nearing the end of their service life, such as windows, roofing, or major mechanical systems (furnace, water heater). A thorough inspection is crucial. Conversely, well-maintained homes from this period often feature solid construction and simpler layouts that are easier to renovate.

5. Where can I get verified historical sale prices for this property?
The public data shows a sale between $350k-$400k in mid-2021. For fully verified and exact sale figures from the MLS, you must request them directly from the site via email, as industry rules prevent the public display of that specific data.