Property Overview: 43 Chancery Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home in River Park South presents a balanced, middle-of-the-road offering in the Winnipeg market. With 1,276 sqft of living space, it sits around the city and neighbourhood averages, though it is notably smaller than most homes on its own street. Its assessed value of $432K follows a similar pattern: above the city average but below the typical value for Chancery Bay. The lot size of just over 5,000 sqft is modest, especially compared to others on the street.
The appeal here lies in its established neighbourhood and its relative value position. For a buyer, it represents an entry point into a street where most homes are larger and more valuable. The home's age is a positive, as it is newer than most in Winnipeg and on par with the newer homes in its immediate area. It would best suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize location in a mature suburb over having the largest house on the block. The recent sale price (estimated between $450K-$500K) suggests it transacted at a premium to its assessment, indicating strong buyer interest for well-priced homes in this area.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It is one of the smaller and lower-assessed homes on Chancery Bay. This can mean a more affordable entry into the street, but also less space relative to your immediate neighbours.
2. Is the assessed value a reliable indicator of the sale price?
Not directly. This home recently sold for an estimated $450K-$500K, which is above its $432K assessment. Assessments are for taxation purposes and market conditions can drive the final price higher or lower.
3. What does the "Top X%" ranking mean?
It shows how this property compares to a group of similar homes in a specific area. For example, being in the "Top 78%" for living area on its street means 78% of comparable homes on Chancery Bay are larger. It's a relative positioning tool.
4. How can I find out the exact price it sold for?
The exact sale price is not published publicly on this site due to industry rules. You can request the exact figures via email from the provider for a manually verified result.
5. The lot seems smaller than average. Is that a concern?
The lot is below average for the street but around average for the wider River Park South neighbourhood. It means less yard to maintain but may also offer less private outdoor space than some neighbouring properties.