Property Overview: 50 Buckley Trow Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 2012-built home in River Park South presents a compelling mix of space, modernity, and value within its context. With 1,866 sqft of living area, it offers substantially more space than the average home in both the neighborhood (top 15%) and city-wide (top 15%), though it is slightly more modest compared to others on its specific street. The lot size of 6,887 sqft is a standout feature, offering above-average outdoor space for the area.
The home’s primary appeal lies in its balanced positioning. It is a relatively modern property in a well-established neighborhood, offering more interior space than many city homes without carrying the premium price tag of the largest homes on its own block. Its assessed value of $526k sits above neighborhood and city averages, suggesting good inherent value, yet it is notably below the street average, indicating a potential value opportunity for the street. A recent sale price between $600k-$650k aligns with this, placing it in the top tier for the wider area. This property would suit practical buyers looking for a spacious, modern family home in a mature suburb, who prioritize a larger yard and more square footage over having the absolute largest house on the block. It’s also a sensible choice for those who see value in a home that performs well against broader benchmarks, even if it isn’t the top contender on its immediate street.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
While its assessed value is above average for both River Park South and Winnipeg overall, it is actually below the average for Buckley Trow Bay itself. This suggests you may get more home for your money on this street compared to some direct neighbors.
2. Is the home considered modern for the area?
Yes. Built in 2012, it is newer than approximately 90% of comparable homes in Winnipeg and 92% in River Park South, placing it firmly in the top tier for modern construction locally.
3. What does the lot size mean for potential buyers?
The lot is larger than average for both the street and the neighborhood. This offers more privacy, yard space, and potential for outdoor living or gardening compared to many homes in the community.
4. The sold price seems higher than the assessed value. Why is that?
Assessed value is for municipal tax purposes and often lags behind the current market. The recent sale price reflects what a buyer was willing to pay in the open market, which is influenced by factors like condition, updates, and market demand at the time of sale.
5. Where can I get verified sale price details?
The site provides estimated sale price ranges from public data. For the exact, verified sale history and figures, you must request a manual lookup via email, as this information is not sourced from the MLS system.