58 Knotsberry Bay

Property Overview: 58 Knotsberry Bay, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This 1,480 sqft home, built in 1985, presents a solid, well-maintained option in the established River Park South neighborhood. Its primary appeal lies in offering above-average interior space and a newer construction date compared to most immediate neighbors and city-wide averages, suggesting a potentially updated structure. The assessed value of $426k is notably above average for its street, indicating the property is viewed favorably within its most direct peer group.

The home would suit practical buyers looking for move-in ready space in a mature suburb without the premium of a new build. It’s particularly compelling for those who prioritize living area and modern construction over lot size, as the property sits on a smaller parcel of land (4,146 sqft). This trade-off means less yard maintenance but also less private outdoor space. The recent sale history shows steady value appreciation, making it a consideration for buyers seeking a stable, long-term holding in a neighborhood where this specific street appears to be a relative standout.

Section 2: Frequently Asked Questions

1. How does the lot size impact this property?
The land area is smaller than most homes on the street and in the city. This means lower maintenance, but also limits expansion potential and private outdoor space. It’s a practical choice for those who prioritize the home itself over a large yard.

2. The assessed value is above the street average. What does that signal?
An assessment above the local average often reflects factors like better condition, updates, or favorable attributes not captured in square footage alone. It suggests the municipality views this property as one of the higher-caliber homes on Knotsberry Bay.

3. The home sold in 2021 and 2020. Is that a concern?
Not inherently. The two sales in close succession could indicate various personal circumstances. More importantly, the sold price ranking improved significantly from the 2020 sale (top 63% in the area) to the 2021 sale (top 23% in the area), showing a sharp increase in market value during that period.

4. What does the "elite" ranking for year built mean?
Ranked #2 out of 49 on its street, it means this is one of the newest homes in the immediate vicinity. In an area built primarily in the mid-80s, a 1985 build date suggests it may have fewer age-related issues than older neighbors and could feature more modern layouts or materials.

5. Where can I get verified sale price history for this home?
The site notes that exact sold prices are not displayed publicly due to industry rules. You must request them directly via email from the service, which will manually provide the verified transaction history. This is a common practice for non-MLS data sources.