Property Overview: 261 Bonner Avenue, Winnipeg
Key Characteristics & Appeal
This home is a standout property in Winnipeg's River East neighborhood, defined by its significant scale and premium positioning. Its primary appeal lies in offering substantial space and land in a well-established area. With over 3,400 square feet of living area, the home is in the top 1% for size on its street, in the neighborhood, and city-wide. It sits on a large 15,730 sqft lot, which is also in the top 3% for River East. Built in 1984, it is newer than most comparable homes in the vicinity. The assessed value of $823,000 reflects this elite standing, ranking in the top 1-2% of its local market.
The property suits buyers looking for a generational home with ample room for a large or multi-generational family, or those who value privacy and space for gardens, recreation, or future expansions. Its appeal is not just in its absolute size, but in the relative rarity of such a combination of a newer, very large home on a sizable lot within the city. It’s a property for a buyer who prioritizes interior and exterior space over a brand-new build, and who appreciates a home that is a statistical outlier in its community in terms of both footprint and value.
Frequently Asked Questions
What is the exact sold price history?
The public data shows it sold in July 2021 for between $700,000 and $750,000. For fully verified, exact transaction figures, you must request a manual lookup via email, as this site does not display MLS sold records.
How does the assessed value relate to market price?
The current assessed value is $823,000, which is a municipal valuation for tax purposes. Market price is determined by current buyer demand and can be higher or lower. The assessment indicates the home is formally valued in the top tier of properties locally.
Is the home the largest on the street?
It is the second-largest of 190 comparable homes on Bonner Avenue, placing it in the top 1% for living area on the street.
What does the "Above Average" ranking for its year built mean?
Built in 1984, it is newer than about 75% of similar homes on its street, where the average year built is 1977. This suggests it may have more modern construction features than many immediate neighbors.
How does the lot size compare to typical city lots?
The lot is exceptionally large. At 15,730 sqft, it is more than double the city-wide average lot size for comparable homes and ranks in the top 2% in Winnipeg.