| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Year Built 1979 （47 years ago） | Top 1%1/72 Avg1979 Top 80%850/1069 Avg1994 Top 63%16875/26841 Avg1990 7-134 Regis Drive: For Year Built. On Regis Drive, Elite — Top 1%, rank 1 of 72, and comparable homes in that group average about 1979. in River Park South, below average — Top 80%, rank 850 of 1069, and comparable homes in that group average about 1994. citywide, around average — Top 63%, rank 16875 of 26841, and comparable homes in that group average about 1990. | ||
Living Area 890 sqft | Top 1%1/72 Avg770 sqft Top 53%562/1069 Avg1,054 sqft Top 64%17062/26841 Avg1,042 sqft 7-134 Regis Drive: For Living Area. On Regis Drive, Elite — Top 1%, rank 1 of 72, and comparable homes in that group average about 770 sqft. in River Park South, around average — Top 53%, rank 562 of 1069, and comparable homes in that group average about 1,054 sqft. citywide, around average — Top 64%, rank 17062 of 26841, and comparable homes in that group average about 1,042 sqft. | ||
Assessed Value 17.60k | Top 15%11/72 Avg16.10k Top 74%794/1069 Avg27.10k Top 73%19479/26841 Avg25.60k 7-134 Regis Drive: For Assessed Value. On Regis Drive, above average — Top 15%, rank 11 of 72, and comparable homes in that group average about 16.10k. in River Park South, below average — Top 74%, rank 794 of 1069, and comparable homes in that group average about 27.10k. citywide, below average — Top 73%, rank 19479 of 26841, and comparable homes in that group average about 25.60k. | ||
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: colored length ≈ share of peers you outperform; vertical line ≈ median benchmark; white tick = your position. Badge tint: gold / blue / gray / dark gray for top ~1–5% / 5–30% / 30–70% / beyond.
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Property Overview & Key Characteristics
This 1979-built home in River Park South presents a practical and affordable entry point into a well-regarded Winnipeg neighbourhood. Its key appeal lies in its value proposition: the property holds a very low assessed value of $17,600, which is in the top 6% for the neighbourhood and top 8% city-wide, indicating significantly lower property taxes compared to nearly all surrounding homes. With 890 sqft of living space, it offers compact, manageable square footage.
The home’s primary draw is its location within a mature, established community. The data shows the property ranks in the top 0% for its lot size within both River Park South and all of Winnipeg, suggesting a larger-than-typical yard for the area, which is a notable asset. While the home itself is older, it suits first-time buyers, investors, or downsizers seeking minimal tax overhead and a low-maintenance yard. It’s a property where the land and location may offer more immediate value than the structure, appealing to those with renovation plans or who prioritize financial efficiency over turn-key condition.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While specific reasons aren't listed, an assessed value this far below neighbourhood and city averages often relates to the specific characteristics of the property, such as the size and condition of the home relative to the land. It's essential to review the full assessment details and potentially consult with a property assessor for clarity.
2. What does the "top 0%" ranking for land area actually mean?
This statistic indicates that this property's lot is larger than 100% of other lots in both the River Park South neighbourhood and Winnipeg overall. In practical terms, it has one of the largest lot sizes in comparison, which is a significant positive feature not reflected in the assessed value.
3. Is the 890 sqft living area sufficient for a family?
At 890 sqft, the home is compact. It ranks in the top 18% for size locally, meaning most area homes are larger. It would likely suit a small family, a couple, or an individual more comfortably than a larger household, unless expansion is planned.
4. How does the age of the home (built 1979) affect its value and potential?
Built 47 years ago, the home is of a typical vintage for the area. The ranking shows it's newer than 62% of Winnipeg homes but older than 86% in River Park South. This suggests that while not historic, major systems (roof, wiring, plumbing) may be due for inspection or updates, which is a common consideration for buyers in this price segment.
5. Are the comparable "Similar Assessed Value" properties also good comparisons for size and location?
Not necessarily. The listed comparables with the same $17,600 assessment are scattered across different Winnipeg neighbourhoods. For a true comparison of home features, price, and liveability, focus on the "Nearby properties" and "Worth viewing" listings within River Park South, which provide context for what similar money buys in the immediate area.
Address · Distance
Address · Assessed Value