Property Overview: 26 Elsey Road, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a solid, modern offering in the established River Park South neighborhood. Built in 2011, its key appeal lies in being a well-maintained, newer construction that sits above average for its area and the wider city in terms of assessed value and age. With 1,468 sqft of living space, it is comfortably sized for a smaller family or couple, offering a manageable footprint without feeling cramped.
The data reveals a nuanced position: while the home’s size and lot (4,368 sqft) are slightly below the immediate street average, its assessed value of $544k ranks significantly higher when compared to the broader neighborhood and city. This suggests the property is valued for its condition, modern features, and location within River Park South, rather than sheer square footage. It last sold in early 2023 for an estimated $550k-$600k, a price point that placed it in the top tier for the area.
This property would best suit buyers looking for a move-in-ready, modern home in a mature suburban neighborhood, who prioritize quality and location over having the largest house on the block. It’s a practical choice for those wanting to avoid the maintenance concerns of an older home while benefiting from a community with developed amenities and landscaping.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others nearby?
The assessed value of $544k is above the neighborhood average and significantly above the Winnipeg city average. On its own street, it ranks around the middle, indicating the street consists of generally higher-value homes.
2. Is the living space smaller than other homes in the area?
At 1,468 sqft, it is slightly below the average for Elsey Road itself but is very close to the River Park South neighborhood average. City-wide, it is actually slightly larger than the average comparable home.
3. What does the sold price history indicate?
It sold in February 2023 for an estimated $550,000 to $600,000. This sale price was in the top 7% for the River Park South area at that time, reflecting strong market recognition of its value.
4. How does the lot size affect the property?
The 4,368 sqft lot is below average for both the street and neighborhood. This means less yard maintenance but may offer less private outdoor space than some immediate neighbors. City-wide, the lot size is around average.
5. Why is the assessed value high if the house isn’t the largest?
A higher assessed value often reflects factors beyond pure size, such as the home’s modern age (2011), construction quality, interior finishes, and its specific location within a desirable neighborhood. The data confirms that for its living area, this property holds a premium valuation.