Property Overview

This home at 10 Knotsberry Bay in Winnipeg’s River Park South neighborhood presents a compelling opportunity. Built in 1984, it stands out for its generous proportions, offering 1,727 sqft of living space on a notably large 7,229 sqft lot. The data indicates it consistently ranks above average in size both for its street and the wider city, suggesting a home with more room than many of its peers. Its assessed value of $450,000 is above average for Winnipeg overall, but sits closer to the median for the River Park South area. This creates an interesting position: you’re acquiring a physically larger property in a established neighborhood without a disproportionate premium at the assessed level.

Key Characteristics & Appeal

The primary appeal lies in its space. The lot size is a significant asset, ranking in the top 6% on its own street, which opens up potential for gardening, recreation, or expansion that isn't available with newer, denser developments. The living area is also comfortably above neighborhood and city averages, indicating a home that avoids the feeling of being boxed in. Its 1984 construction places it in a stable, mature part of the community where homes have settled into their value.

This property would suit buyers looking for established neighborhood character with room to breathe. It’s ideal for a growing family that prioritizes backyard space over a brand-new build, or for someone who sees value in a home that already offers above-average square footage and land, potentially limiting the need for a future upgrade. It may also appeal to a value-conscious buyer who recognizes that the assessed value is driven more by tangible assets (lot and building size) than by neighborhood hype alone.

Frequently Asked Questions

1. How does the assessed value compare to the likely selling price?
The assessed value of $450,000 is for municipal tax purposes and is not a direct indicator of market value. It serves as a useful benchmark, showing the home is valued above the Winnipeg average. The final sale price will be determined by current market conditions, the home’s specific condition, and buyer demand.

2. Is the 1984 build date a concern for major repairs?
Homes from this era are often past the lifespan of original major components like the roof, windows, or furnace. A pre-purchase inspection is crucial to understand the condition and timing for any upcoming updates or replacements, which should be factored into your budgeting.

3. What does the large lot size actually mean for me?
Beyond simple outdoor space, a lot that’s larger than most on the street (over 7,200 sqft vs. a street average of ~5,350 sqft) offers greater privacy, more landscaping possibilities, and potential for future additions like a shed, deck, or patio. It’s a feature that is increasingly rare in newer subdivisions.

4. The home sold in 2017; is recent price history available?
The site provides a sold price range from late 2017 but notes that exact, verified sales data requires a manual request due to industry rules. For the most accurate and complete transaction history, it’s recommended to contact the site directly or consult with a real estate professional who has access to full MLS records.

5. How does this home fit within the River Park South neighborhood?
The data shows this home is larger in both living area and lot size than many in River Park South, but its assessed value is around the neighborhood average. This suggests you may be getting more physical property for your dollar here compared to other homes in the area that might be newer or more recently renovated but on smaller lots.