Property Overview: 58 Elsbury Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This 1,068 sqft bungalow, built in 1985, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its primary appeal lies in its relative value and manageable scale. With an assessed value of $354k, it sits below the neighborhood average, offering a cost-effective alternative in the area. The home itself is modestly sized, larger than most on its street but smaller than the typical River Park South home, suggesting a cozy layout that suits simpler living or smaller households.
A thoughtful perspective for buyers is the lot size. At 3,611 sqft, the property has a smaller yard than most in the city and neighborhood. This could be a downside for those wanting extensive outdoor space, but a significant advantage for buyers seeking lower maintenance without sacrificing a private outdoor area entirely. The home’s age places it among the older third of homes city-wide, indicating potential for updates, but it aligns with the vintage of its immediate street, suggesting a settled streetscape.
This property would best suit first-time buyers, downsizers, or investors looking for a straightforward, lower-maintenance property in a mature suburb. It’s for those who prioritize neighborhood accessibility and value over size, and who are comfortable with a home that may benefit from personalization.
Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on assessed value, this home is priced below the River Park South average, potentially offering good value for gaining entry to the neighborhood, though the living space and lot size are also correspondingly smaller than area norms.
2. What should I consider about the lot size?
The yard is more compact than most in Winnipeg. This means less maintenance and lower landscaping costs, but also less room for large gardens, play structures, or expansive outdoor entertaining.
3. How does the home’s age affect things?
Built in 1985, major components like the roof, windows, and mechanical systems (furnace, water heater) may be nearing or past their typical lifespans. A thorough inspection is advised, but this age is typical for the immediate street.
4. What are the recent sold prices for this area?
Public data indicates a home on this street sold between $250k-$300k in late 2016. For fully verified and exact historical sale figures, you must request a manual lookup from the site via email.
5. How does the living space compare to nearby homes?
At just over 1,000 sqft, it offers more space than many direct neighbors on Elsbury Bay, but less than the broader neighborhood average. It’s a comfortably sized home for a couple or small family, but may feel compact for those accustomed to larger, newer suburban layouts.