Property Overview
50 Sonning Bay is a well-established home in Winnipeg's River Park South neighborhood. Built in 1987, it offers a balanced proposition with above-average space and lot size relative to much of the city, while fitting comfortably within its local street and community context.
Key Characteristics & Appeal
This 1,606 sqft home sits on a generous 6,813 sqft lot, which is notably larger than most in the immediate area and neighborhood. Its size and assessed value (approximately $456k) position it as a solid, middle-of-the-road property on its street, but one that stands out more favorably in broader Winnipeg comparisons. The appeal lies in its established community setting and the value of the land parcel, offering more outdoor space than many comparable homes. It would suit buyers looking for a move-in ready home in a mature neighborhood without the premium of a brand-new build, and who prioritize a larger yard over having the newest or largest house on the block. A thoughtful perspective is that while the home isn't a standout on its own street, it represents a stable investment in a consistent area, with the lot size providing a tangible asset that is increasingly rare in newer subdivisions.
Frequently Asked Questions
1. How does this home compare to others in the area?
The home is very typical for Sonning Bay and River Park South in terms of living space and value, ranking around average to slightly above average locally. Its key differentiator is the lot size, which is above average for both the street and the wider neighborhood.
2. What was the recent sale price?
Public records indicate it sold in May 2023 for between $400,000 and $450,000. For verified, exact sale figures, a manual records lookup can be requested.
3. Is the assessed value a good indicator of market price?
The assessed value of approximately $456k is close to the street average and provides a baseline for municipal taxation. Market value can be influenced by current condition, updates, and market trends, so it's a guide rather than a definitive price.
4. What are the less obvious factors to consider?
Given its 1987 construction, the major systems (roof, HVAC, windows) may be due for inspection or updates. The above-average lot is a significant benefit, but also implies greater maintenance. The home's "average" standing on its street suggests a stable, non-volatile value environment.
5. How can I get more precise historical data?
The provided sales data is from public sources. For a complete transaction history and exact sale prices, you must request a manual lookup, as MLS data is not displayed on this site.