Property Overview
102 Elsbury Bay presents a well-maintained home in Winnipeg's River Park South neighborhood. Built in 1986, this 1,216 sqft residence sits on a 3,741 sqft lot and carries a municipal assessed value of $366,000.
Key Characteristics & Appeal
The primary appeal of this home lies in its efficient size and established setting. Its living area is notably above average for its immediate street, offering more interior space than most direct neighbors, while its newer construction year is a standout feature on the block. The assessed value is very close to the street average, suggesting it is priced consistently within its micro-market.
This property would suit first-time buyers or downsizers looking for a manageable, move-in-ready home in a mature suburb. It also appeals to value-focused buyers who prioritize a newer build year within an older neighborhood, potentially indicating fewer major age-related repairs in the near term compared to older peers. A thoughtful perspective is that while the lot size is smaller than area and city averages, it translates to less exterior maintenance—a potential benefit for those seeking a low-maintenance yard.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $366k is for municipal tax purposes. While it provides a benchmark, the actual market price is determined by recent sales, condition, and demand. It sold for an estimated $300k-$350k in late 2020.
2. Is the living space adequate for a growing family?
At 1,216 sqft, the home is above average for its street but around the city average. It typically suits small families or those comfortable with efficient use of space better than those requiring multiple large bedrooms or extensive living areas.
3. What are the implications of the smaller lot size?
The lot is smaller than most in River Park South and Winnipeg overall. This means less private outdoor space and yard work, but also less potential for expansions like large decks or additions, which may be governed by zoning bylaws.
4. The home is "newer" for the street. Does that mean fewer issues?
A 1986 build is newer than many on the block, which can be positive. However, homes of this age may still require updates to original components like windows, roofing, or heating systems. A thorough inspection is always recommended.
5. How can I verify the exact past sale price?
The site provides sold price ranges for non-members. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS.