Property Overview: 71 Chancery Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 71 Chancery Bay is a well-established property in the River Park South neighborhood, built in 1985. Its key strength is its above-average living space of 1,620 sqft, which ranks in the top quarter of homes both on its street and across Winnipeg. This suggests a comfortable, spacious interior relative to many comparable properties.
The appeal lies in its solid positioning within a mature community. With an assessed value of $500,000, it sits above average for its street, neighborhood, and the city, indicating a perceived value that outpaces many peers. The lot, while slightly smaller than others on Chancery Bay, is consistent with the neighborhood average. The home’s age is typical for the street but is actually newer than the average Winnipeg home, potentially pointing to fewer immediate age-related concerns than in older city districts.
This property would likely suit buyers looking for a move-in ready home in a settled area who prioritize interior space over a large yard. It’s a practical choice for those seeking a home with a strong, above-average footprint and assessed value in a neighborhood context, rather than a standout or project property.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in May 2017 for a price between $400,000 and $450,000. Its current assessed value of $500,000 is higher, reflecting market changes and possibly updates to the property over the past seven years.
2. Is the lot size a disadvantage?
The lot is smaller than most on Chancery Bay itself but is very close to the average for the wider River Park South area. It offers a manageable outdoor space with likely less maintenance, which could be an advantage for some buyers.
3. What does the "above average" ranking for assessed value mean?
It means this home’s official city assessment is higher than most comparable homes on its street, in the neighborhood, and across Winnipeg. This often correlates with market value and can indicate a desirable property, but the final sale price is always determined by the current market.
4. Are there many similar homes nearby?
Yes. The provided data shows several homes on the same street and in River Park South with similar living areas, year built, and assessed values, suggesting a consistent character and price point in the immediate area.
5. How can I find out the exact past sale price?
The exact sale price is not publicly displayed online due to industry rules. You can request the exact figure by emailing the site directly for a manual lookup.