Property Summary: 39 Knotsberry Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1984-built home in River Park South presents a practical opportunity in a mature neighbourhood. With 1,264 sqft of living space and a 4,742 sqft lot, its size is consistently around the average for its street, area, and the wider city. Its standout characteristic is its assessed value of $355k, which is notably below the average for both Knotsberry Bay and the River Park South neighbourhood. This suggests a potentially lower property tax burden and an entry point into the area that is priced more accessibly than many of its direct peers.
The appeal lies in its value proposition and established location. It suits first-time buyers or downsizers looking for a foothold in a stable community without a premium price tag. The home’s age (older than many in the city but typical for the street) implies well-understood construction from that era, which can be appealing to buyers comfortable with potential updates. It’s a home for those who prioritize location and lot over sheer square footage, and who see the below-average assessment not as a drawback, but as a foundation for building equity.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the street and neighbourhood averages?
While the exact reason isn't specified, a below-average assessment can be influenced by factors like the home's specific condition, layout, or features compared to nearby properties. It's important to review the property's interior and any potential deferred maintenance to understand this fully.
2. How does the 2020 sale price relate to today’s value?
The home sold between $250k-$300k in mid-2020. Market conditions have shifted since then, so that figure is a historical data point, not a current valuation. The current assessed value of $355k is a more recent benchmark for municipal taxation.
3. Is the living space considered small for the area?
At 1,264 sqft, it is slightly below the neighbourhood average of 1,410 sqft but very close to the street average of 1,250 sqft. It offers a moderately sized layout typical for many homes on this specific block.
4. What does the "Above Average" year built ranking for the city mean?
Built in 1984, this home is newer than the Winnipeg city-wide average for comparable homes (1966). This can be an advantage, potentially meaning newer building materials, wiring, or plumbing standards than in much older city homes.
5. Where can I get verified historical sale data?
The site notes that fully verified transaction histories and exact sale figures are not displayed online due to industry rules. They offer a manual lookup service via email to provide those precise records.