Property Overview: 71 Rillwillow Place, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This 920 sqft bungalow, built in 1978, presents a straightforward and affordable entry point into Winnipeg’s established River Park South neighborhood. Its primary appeal lies in its value proposition and stability within its immediate surroundings. While its living space and lot size (3,299 sqft) are modest compared to the broader neighborhood and city averages, the home is very much in line with—or even above—the standards of its own street. Its assessed value of $313k is typical for Rillwillow Place but sits notably below the River Park South average, suggesting a more accessible price point within a generally higher-value area.

This property would suit first-time buyers or downsizers seeking a manageable, low-maintenance home without sacrificing the benefits of a mature community. It’s a practical choice for those who prioritize financial predictability and a sense of uniformity on their block over larger square footage or expansive yards. A thoughtful perspective is that this home represents the "character" of its specific street—a pocket of older, similarly sized homes that offer a cohesive and potentially quieter micro-community within the larger, more varied neighborhood.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to others nearby?
The home’s assessed value is average for its own street but falls in the bottom tier for the wider River Park South area. This indicates you’re paying a premium compared to the city overall for the neighborhood, but getting a relatively competitive price within the immediate locale.

2. Is the living space smaller than most homes in Winnipeg?
Yes. At 920 sqft, the living area is below the averages for both the neighborhood and the city. However, it is actually slightly above the average for other homes on Rillwillow Place itself.

3. What can the last sold price tell me?
Public records show it last sold between $200k-$250k in February 2019. This historical data highlights significant appreciation, but for fully verified and exact sale figures, a manual records lookup is required.

4. How does the lot size impact potential?
The 3,299 sqft lot is smaller than most in River Park South. This likely means a smaller backyard, limiting potential for large additions or pools, but also translates to less exterior maintenance.

5. The home was built in 1978. Is that a concern?
The year built is typical for the street but older than the neighborhood average. This suggests infrastructure and major components (like roof, windows, HVAC) may be due for updates or have recently been replaced, which would be a key inspection point.