Property Overview: 47 Higham Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in River Park South presents a compelling blend of space, modernity, and established value. Built in 2007, its key strength is its relative newness compared to most Winnipeg homes, placing it in the top 3% for year built on its own street. With 1,780 sqft of living area, it offers above-average space for both the neighborhood and the city, comfortably exceeding typical sizes. The assessed value of $576k reflects its premium positioning, ranking in the top 10% for the area and city, indicating strong market recognition.
The appeal lies in its balanced profile. It’s a move-in ready, modern home in a mature neighborhood, offering more space than many newer infill properties without the maintenance concerns of an older house. The lot size is standard for the area, providing manageable outdoor space. It would particularly suit buyers looking for a "goldilocks" property—not the largest on the block, but one that is newer, spacious, and carries a solid, above-average valuation. It’s ideal for growing families or professionals seeking a established community with modern home comforts and a history of value appreciation.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home last sold between $400k-$450k in April 2016. Its current assessed value of $576k suggests significant appreciation. For exact, verified sale prices of this and comparable properties, you can request a manual lookup via email from the site.
2. Is the living space larger than most homes in Winnipeg?
Yes. At 1,780 sqft, it is above average for Winnipeg (top 18%), and notably larger than the typical home in the River Park South neighborhood.
3. What does the "Elite" ranking for year built mean?
This indicates 47 Higham Bay is one of the newest homes on its street (ranked #1 out of 34, top 3%). It was built in 2007, while the average comparable home on the street was also built in 2007, meaning it is a benchmark property for modernity on Higham Bay.
4. The assessed value seems high for the street. Why?
The assessed value ($576k) is above the street average ($538.7k), ranking 6th highest out of 34 homes. This suggests the property is perceived by assessors to have premium features, condition, or positioning relative to its immediate neighbors.
5. How does the lot size compare?
The 4,827 sqft lot is around average for Higham Bay, River Park South, and Winnipeg. It offers standard suburban outdoor space without being overly large or too small for the home’s footprint.