2 Chancery Bay

Property Overview: 2 Chancery Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 2 Chancery Bay in River Park South presents a solid, grounded opportunity in the Winnipeg market. Built in 1986, it is notably one of the newer homes on its street, offering modern construction relative to its immediate neighbors. The lot size is a clear asset, providing above-average outdoor space for the area, which is a valuable and less common feature in many suburban neighborhoods.

The appeal lies in its balance. The living space is practical and in line with city averages, situated on a generous lot in an established community. Its assessed value sits above the Winnipeg average, suggesting a perception of solid worth, yet it remains competitively positioned within its own neighborhood and street. This creates a profile of a home that is not an outlier in any category but offers a reliable combination of a newer build on a good-sized parcel. It would suit buyers looking for a move-in ready home in a mature area without the premium often attached to the newest subdivisions, or those who prioritize yard space over having the largest floor plan on the block.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to others nearby?
At 1,292 sqft, the living area is slightly below the average for Chancery Bay street but is very close to the averages for both the River Park South neighborhood and the city of Winnipeg as a whole. It’s a comfortably average-sized home for the area.

2. Is the assessed value a good indicator of the likely selling price?
The assessed value is $445,000. Historical data shows a home on this street sold in the $450,000-$500,000 range in August 2022. While assessments are for tax purposes and markets change, this provides a relevant benchmark. For verified, exact historical sale prices, you can request a manual lookup from the site.

3. What does the "newer build" ranking mean for this 1986 home?
While 1986 may not seem new, it ranks #1 out of 41 homes on Chancery Bay for year built. This means it is the newest or among the very newest on its street, potentially implying fewer age-related issues than some direct neighbors.

4. How does the lot size compare?
The 6,209 sqft lot is a standout feature. It is larger than the average lot on both Chancery Bay and in the wider River Park South neighborhood, offering more private outdoor space than many comparable properties.

5. Where can I see how this property compares visually to its neighbors?
The listing provides a link to a neighborhood map analysis tool. This allows you to see the property in context and compare key metrics like year built, lot size, and assessed value directly against nearby houses on a map.