Property Overview: 38 Elsey Road, River Park South, Winnipeg
Key Characteristics & Appeal
This 2013-built home at 38 Elsey Road presents a compelling, above-average offering in Winnipeg’s River Park South neighborhood. Its primary appeal lies in its strong and consistent positioning across key metrics when compared to its surroundings. With 2,064 sqft of living space, it sits comfortably above the neighborhood and city averages, offering ample room without being an outlier on its street. The assessed value of $584,000 follows a similar pattern, ranking within the top quarter on Elsey Road and the top 10% in the broader area, suggesting a well-regarded property in a desirable pocket.
The home’s 2013 construction date is a significant asset, ranking it as newer than 96% of homes in River Park South. This implies modern building standards, less immediate need for major updates, and potentially greater energy efficiency. The lot size of 5,288 sqft is generous for the street but average for the neighborhood, offering good outdoor space while maintaining manageable upkeep.
This property would best suit buyers looking for a move-in ready, modern family home in an established suburban community. It appeals to those who value a home that performs well statistically against its peers—offering a blend of space, modern amenities, and a valuation that reflects its standing. It’s a solid choice for someone seeking a balanced investment: not the largest or most expensive on the block, but a home that consistently ranks above average, suggesting a reliable blend of quality and community fit.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in September 2020 for between $500,000 and $550,000 (exact price available upon request). Its current assessed value of $584,000 indicates appreciation, aligning with its above-average ranking in the area.
2. Is the lot size a pro or a con?
It depends on your priorities. The lot is larger than most on Elsey Road, offering more private outdoor space. However, it is slightly smaller than the neighborhood average. For buyers wanting a sizable yard on a quiet street, it’s a plus. For those prioritizing maximum land, it’s average for River Park South.
3. What does the “Elite” ranking for its year built mean practically?
Being newer than 96% of homes in the neighborhood (ranked 143rd out of 3,617) means major components like the roof, HVAC, windows, and appliances are likely younger and more efficient. This can translate to lower maintenance costs and utility bills in the near to medium term.
4. The home ranks highly for value and size, but what might that indicate about taxes or future costs?
A higher assessed value generally correlates with higher property taxes. While it signifies a valuable asset, buyers should budget accordingly. The modern build may offset some maintenance costs, but the premium positioning comes with the ongoing tax implication.
5. How stable is the immediate street of Elsey Road?
The data shows consistency. The average year built on the street is 2013, and the living area and assessed value averages are also high. This suggests a street of similar, relatively new homes, which often points to stable property values and a cohesive streetscape.