Property Overview: 71 Knotsberry Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 1984 bungalow in River Park South is a compact, single-family home with 712 sqft of living space, situated on a 4,607 sqft lot. Its key characteristic is its efficiency: it is notably smaller than most homes on its street, in the neighborhood, and across Winnipeg. This is reflected in its assessed value of $374k, which is below average for its immediate area but aligns closely with the Winnipeg citywide average.
The appeal lies in its position as a relatively affordable entry point into a well-established neighborhood. For the right buyer, the smaller size translates to lower utility costs, less maintenance, and easier upkeep. It suits first-time homebuyers, downsizers looking to simplify without leaving a familiar community, or investors seeking a manageable rental property. A thoughtful perspective is that its older construction date (1984) is actually above average city-wide, suggesting a solid build era compared to much of Winnipeg's older housing stock. While not for those needing ample space, it represents a practical opportunity to secure a detached home in a mature area without the premium price of a larger footprint.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 712 sqft, this home's living area is significantly below the average for Knotsberry Bay (1,250 sqft) and the River Park South neighborhood (1,410 sqft). It is among the smallest homes on the street.
2. Is the assessed value in line with the property's size?
The assessed value of $374k is below the street and neighborhood averages, which is consistent with its below-average square footage. However, it ranks close to the middle of the pack city-wide, indicating the price reflects a balance of location and modest size.
3. What is the recent sales history?
Records indicate the property sold between $350k and $400k in July 2024. For verified, exact sale figures, a manual lookup can be requested from the site.
4. How does the lot size compare?
The lot is 4,607 sqft, which is smaller than the street average but around the average for the River Park South neighborhood. It offers typical outdoor space for the area.
5. Are there many similar, recently sold properties nearby?
The provided data shows several comparable sales in River Park South from 1984-1986 with living areas ranging from 1,000 to 1,768 sqft and assessed values between $376k and $448k, highlighting this home's position at the more compact and affordable end of the spectrum.