Property Overview: 110 Elsbury Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 110 Elsbury Bay in River Park South presents a compelling mix of established value and relative standout features on its specific street. Built in 1985, it is a typical home for the area in terms of age. Its primary appeal lies in its strong positioning within the immediate neighbourhood of Elsbury Bay itself.
The 1,108 sqft living area is above average for the street, offering more space than many direct neighbours. The most notable characteristic is its assessed value of $419,000, which ranks in the elite top 5% on the street, significantly above the local average. This suggests a home that has been well-maintained, updated, or possesses desirable features not fully captured by square footage alone. However, the lot size is slightly smaller than both street and city averages, which may appeal to buyers seeking lower yard maintenance.
This property would suit a buyer looking for a move-in ready home in a mature, established neighbourhood, who values being one of the more premium properties on a specific block rather than necessarily the largest in the wider area. It’s a solid choice for those prioritizing a strong value proposition within a micro-location, offering a sense of relative investment quality on its own street.
Section 2: Frequently Asked Questions
1. Why is the assessed value so high compared to other homes on the street?
While the living area is above the street average, the assessed value ranking is significantly higher. This typically indicates factors like recent renovations, quality of finishes, additions (like a developed basement), or a premium lot location that contribute to its official valuation.
2. How does the smaller lot size impact the property?
The lot is smaller than many in River Park South and Winnipeg overall. This generally means less yard maintenance, which can be a benefit for some, but may limit expansion possibilities or private outdoor space compared to neighbours on larger lots.
3. What can the 2020 sale price tell me?
The previous sale price (listed in a range) provides a historical benchmark. Given the current assessed value and market changes since 2020, it can help gauge the rate of value increase, but should not be relied upon as a current market price without a professional appraisal.
4. Is the living space sufficient for a growing family?
At 1,108 sqft, it is moderately sized. It ranks well on its street but is around the city average. Suitability depends on the family's size and layout needs; it may be comfortable for a small family or those who prioritize efficient use of space over sheer square footage.
5. How do I find out the exact past sale prices and history?
The site notes that due to industry rules, exact MLS sales records are not displayed publicly. You can request the exact sold price history directly via email from the site provider for a manually verified figure.