Property Overview: 59 Furness Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This 1986 home at 59 Furness Bay presents a practical and competitively positioned offering in the River Park South neighborhood. With 1,207 sqft of living space and a 5,046 sqft lot, its size is consistently around the average for both the immediate area and the wider city. The home’s standout characteristic is its age relative to its street—it is the newest home among its 25 direct neighbors, which may suggest updated building standards or components for its time. The assessed value of $405K sits below the street average but above the city average, indicating a potentially more accessible entry point on a street of slightly higher-valued homes.
Its appeal lies in its established, stable context. The property doesn’t stand out for sheer size or premium value, but rather for its balance and maturity within a well-developed neighborhood. It suits buyers seeking a straightforward, move-in-ready home without the premium for a larger or newer construction, and who value being on a street where the home itself is one of the more recent builds. It’s a sensible choice for first-time buyers, downsizers, or investors looking for a reliable property in a mature suburban setting.
Frequently Asked Questions
How does this home’s size compare to others nearby?
At 1,207 sqft, the living area is slightly below the average for Furness Bay street but aligns closely with the broader River Park South neighborhood and Winnipeg city averages.
Is the assessed value a good indicator of the likely selling price?
The $405K assessment is a municipal valuation for tax purposes. Notably, it is below the street average of ~$439K but above the city average. Recent sold prices in the area (last sold between $350K-$400k in 2022) and current market conditions will be stronger indicators of value.
What does it mean that this is the “newest” home on the street?
Built in 1986, it is the most recently constructed among the 25 homes on Furness Bay. This could imply newer infrastructure (like plumbing or electrical) compared to immediate neighbors, though a specific interior inspection is needed to confirm the condition and updates.
How does the lot size impact potential for expansion or outdoor use?
The 5,046 sqft lot is typical for the area. It provides standard suburban outdoor space but is slightly smaller than the citywide average lot, which may be a consideration for significant additions or detached structures, subject to zoning.
Where can I get verified historical sale data for this property?
The provided sold price is an estimate from public records. For fully verified transaction history and exact figures, you must request a manual lookup from the site, as MLS data is not displayed here due to industry regulations.