Property Overview: 67 Elsbury Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985 bungalow in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. With 861 square feet of living space and a 3,714 sqft lot, its scale is modest, ranking below area averages for size but around the street average for assessed value ($358k). This creates a specific value proposition: you are purchasing location and land within a mature community, not square footage.
The appeal lies in its relative affordability within River Park South, where assessed values are typically higher. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property with renovation potential. A thoughtful perspective is that its smaller size and lot, while not expansive, translate to lower utility costs, less upkeep, and a cozier, more manageable footprint—an advantage for those seeking simplicity. Its age (1985) is newer than the Winnipeg average, suggesting potentially fewer immediate major repairs than much older city stock, but buyers should still budget for updates common to homes of this era.
Section 2: Frequently Asked Questions
1. Is this home priced below the neighborhood average?
Yes. The assessed value of $358k is notably below the River Park South area average of approximately $447k, which is a key factor in its affordability for the neighborhood.
2. How does the home’s size compare to others?
At 861 sqft, the living area is smaller than most homes in both River Park South and Winnipeg overall. It is, however, closer to the average for Elsbury Bay street itself, indicating the street consists of similarly scaled homes.
3. What is the lot size, and is it typical?
The lot is 3,714 sqft. It’s below the neighborhood and city averages, but around the middle of the pack for Elsbury Bay street. It provides a decent outdoor space without being overwhelming to maintain.
4. When was it last sold, and for how much?
Records indicate a sale between December 2020, with a sold price in the $300k-$350k range. For verified, exact historical sale figures, a manual lookup can be requested.
5. What might be less obvious considerations?
Consider that its "around average" value on the street but "below average" size in the area means you are paying more per square foot for the location than for the home itself. This highlights the premium for the River Park South address. Additionally, while the home is from 1985, major components like the roof, windows, or furnace may be nearing or due for replacement, depending on their maintenance history.