Property Overview: 55 Elsbury Bay, Winnipeg
Key Characteristics & Appeal
This 1,013 sqft bungalow, built in 1985, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its primary appeal lies in its value positioning. With an assessed value of $352k, it sits comfortably around the city-wide average but is notably below the neighborhood average, suggesting a more accessible price point within a desirable area. The home is well-matched to its immediate street, with living area, year built, and value all aligning closely with neighboring properties on Elsbury Bay.
The property would suit first-time buyers or downsizers seeking a manageable, single-level living space without a premium lot size. Its lot of 3,714 sqft is smaller than many in the wider area, which translates to less yard maintenance—a potential benefit for those seeking simplicity. A thoughtful perspective is that this home represents a "neighborhood buy" rather than a "house buy." You're purchasing into a stable, mature community with amenities, while the home itself offers a solid foundation that may benefit from personal updates over time. The last known sale was in mid-2022, indicating a relatively recent market transaction that can provide a useful benchmark for current value.
Frequently Asked Questions
1. Is this home a good value compared to others in River Park South?
The data indicates it is. The assessed value is significantly below the neighborhood average of $447k, positioning it as one of the more affordable options in River Park South.
2. How does the size of this home compare to others?
At 1,013 sqft, the living area is below the neighborhood average but very close to the average for homes on Elsbury Bay itself. It’s a comfortably sized bungalow, typical for its specific street.
3. What can the 2022 sale price tell me?
The home sold for between $350k-$400k in May 2022. This provides a recent market price point, though conditions have likely changed since. You can request the exact sold price from the site for more precision.
4. Is the lot size a disadvantage?
The lot is smaller than most in River Park South and Winnipeg overall. For some, this is a drawback for outdoor space. For others, it means less upkeep and lower property tax implications, which can be an advantage.
5. How can I get verified sale history for this property?
The site notes that full MLS records are not displayed due to industry rules. To obtain the exact sale history and figures, you must request a manual lookup via email through the provided link on the property page.