Property Overview: 54 Elsbury Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 1985-built home in River Park South is a compact, single-level property with 696 square feet of living space on a 3,612 sqft lot. Its key characteristic is its position as a more affordable entry point into a well-established neighborhood. The appeal lies in value and simplicity: its assessed value of $324k is notably below the neighborhood average, offering a lower property tax base and a accessible purchase price compared to larger homes on the same street and in River Park South. It suits first-time buyers, downsizers, or investors seeking a manageable, low-maintenance property. A thoughtful perspective is that while the home is smaller than most in the area, its vintage (1985) is actually newer than the Winnipeg average, suggesting potentially fewer age-related issues than many city-wide properties. Its recent sale history shows steady activity, indicating consistent demand for well-priced homes in this location.
Frequently Asked Questions
1. Is this a small home?
Yes. At 696 sqft, the living area is below average for the street, neighborhood, and city. It is a compact bungalow suited for efficient living.
2. Why is the assessed value lower than the neighborhood average?
The assessed value of $324k reflects the home's smaller size and lot relative to most homes in River Park South. It ranks in the top 94% for the area, meaning it is among the most affordable properties there.
3. What can recent sale prices tell me?
The home has sold three times since 2017 (2017, 2022, 2023), each time in the $250k-$350k range. This pattern suggests a stable, in-demand price bracket for the property.
4. How does the lot size impact the property?
The lot is 3,612 sqft, which is below the local average. This means smaller outdoor maintenance but may also limit expansion possibilities compared to larger lots nearby.
5. Where can I get exact historical sale prices?
The provided data shows price ranges. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records.