Property Overview
This home at 62 Knotsberry Bay in Winnipeg's River Park South neighborhood presents a balanced, mid-sized offering. Built in 1985, its key appeal lies in its established setting and relative value. The 1,088 sqft house sits on a 4,484 sqft lot, which is more compact than many in the immediate area. Its assessed value of $426k is above average for its street but aligns with broader neighborhood and city averages. The home last sold in June 2022 for an estimated $450k-$500k.
Key Characteristics & Appeal
The property’s primary strength is its position as a well-maintained, average-sized home in a mature neighborhood. Its year built is considered "elite" for Knotsberry Bay, suggesting it may be among the more updated or solidly built on the street. The appeal here is practical: it’s a turnkey option in a settled community without a premium for excessive square footage or land. The lot, while smaller than direct neighbors, offers manageable upkeep.
This home would suit first-time buyers or downsizers seeking a straightforward entry into a stable area like River Park South. It’s for those who prioritize location and a functional layout over expansive room sizes or yard space. A thoughtful perspective is that its "around average" metrics city-wide make it a sensible, benchmark property—neither over-improved nor a fixer-upper, which can provide stability in shifting markets.
Frequently Asked Questions
1. How does the lot size impact the property?
The lot is smaller than most on the street and in River Park South. This means less yard maintenance but also less private outdoor space compared to neighboring homes.
2. Is the assessed value a reliable indicator of the likely selling price?
The $426k assessment is a municipal valuation for tax purposes. The home's last sale price (2022) and current market conditions will be stronger price indicators. Its assessment is above the street average but near the neighborhood average.
3. What does the "elite" ranking for year built mean?
Ranked 2nd out of 49 on its street, this indicates the home is one of the newer houses on Knotsberry Bay. It suggests potentially fewer age-related issues than immediate comparables.
4. How does the living area compare to nearby homes?
At 1,088 sqft, the living space is below the River Park South average but close to the Winnipeg average. It is a moderately sized home, likely with efficient use of space rather than sprawling rooms.
5. Where can I find verified historical sale prices?
The site provides estimated sale ranges. For exact, verified transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.