Property Overview: 50 Elsey Road, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,587 sqft home, built in 2013, presents a solid, modern offering in the River Park South neighborhood. Its primary appeal lies in its balanced positioning: it’s a newer, well-sized home on a generous lot, situated in an established area. While its living space is typical for its immediate street, it stands above the Winnipeg average. The lot size of over 6,000 sqft is notably larger than most on Elsey Road, offering valuable outdoor space.
The home’s assessed value of $508k is above average for both the neighborhood and the city, suggesting it is a substantial property within its market, though it sits below the average for its specific street. This creates an interesting dynamic—it’s a premium property in the broader context but may represent a relative value point on its own block. It would suit buyers seeking a low-maintenance, modern build from the 2010s without sacrificing yard space, and who value being in a mature suburban community like River Park South. It’s ideal for those who prioritize a move-in ready home with room to grow, over a custom, top-of-the-line finish compared to its immediate neighbors.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The home’s assessed value is below the average for Elsey Road. This could indicate a different layout, finish level, or simply market variability. It’s important to view the property in person to understand this difference.
2. Is the lot size a significant advantage?
Yes. The lot is the largest among the 13 comparable homes on Elsey Road, providing more private outdoor space than is typical for the street—a valuable and less replaceable feature than interior finishes.
3. The home sold in 2016. What was the exact price?
The public data shows a sold price range of $400k-$450k for July 2016. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this site does not display proprietary MLS records.
4. How does the "year built" ranking affect the home?
Built in 2013, the home is newer than 96% of comparable properties in River Park South. This suggests potentially lower immediate costs for major updates (like roofing or HVAC) and modern building standards compared to much of the existing housing stock in the area.
5. What does it mean that the living area is "around average" for the neighborhood?
With 1,587 sqft, the home provides ample space that is very much in line with the River Park South average (1,410 sqft). It’s a comfortably sized family home, not an outlier, which can be beneficial for both livability and long-term resale appeal.