Property Overview: 14 Principal Bay, River East, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated River East home presents a compelling opportunity centered on space and established value. Built in 1981, it offers a generous 2,183 sqft of living area, which places it consistently above average—ranking in the top 7% within the neighborhood and city. This substantial size is complemented by a large, private lot of over 9,100 sqft, providing ample outdoor space that is well above city norms.
The home’s primary appeal lies in its clear positional strength within its immediate market. Its assessed value of $543k leads its own street and sits comfortably in the top 6% for River East, suggesting it is a premium property within a desirable local context. The historical sale data shows significant value growth, with the last sale in 2023 being notably higher than the 2017 purchase, indicating strong appreciation.
This property would best suit buyers looking for an established, spacious family home in a mature neighborhood. It’s ideal for those who prioritize interior square footage and a sizable yard over a brand-new build. The numbers suggest it appeals to a buyer seeking a home that already holds a leading position on its street and in the area, offering a sense of stability and proven investment.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare to others?
The living area is a standout feature. It is larger than 93% of comparable homes in Winnipeg and 93% in River East, making it a genuinely spacious offering in the market.
2. What does the assessed value ranking indicate?
An assessment of $543k ranks #1 on its street and in the top 6% of the neighborhood. This typically reflects the city’s valuation of the property’s condition, location, and features relative to others, often correlating with desirability and tax base.
3. Is the lot size a significant feature?
Yes. At 9,128 sqft, the lot is larger than 92% of comparable city lots and 85% in River East. This offers rare potential for privacy, gardening, expansion, or outdoor recreation that is hard to find in many city areas.
4. The home was sold recently in 2023. What does that history show?
The 2023 sale price range was markedly higher than the 2017 sale, demonstrating considerable appreciation over six years. This pattern may interest buyers looking at historical value trends.
5. How can I verify the exact past sale prices?
The publicly displayed prices are shown in broad ranges. For precise sale figures and a full transaction history, you must request a manual lookup from the site provider via email, as they do not publish MLS data directly.