Property Summary: 15 Chancery Bay, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 15 Chancery Bay is a well-established property in the River Park South neighborhood, built in 1985. With 1,416 sqft of living space on a 5,695 sqft lot, its size is consistently around the average for its immediate street, neighborhood, and the wider city. This suggests it offers standard family accommodation without being overly large or small. The assessed value of $429k sits below the average for its own street but aligns closely with the neighborhood average, potentially indicating a value position within a desirable local area.

The appeal lies in its balance and established setting. It’s a home that doesn’t stand out for extreme size or value but represents a solid, middle-ground option in a mature neighborhood. It would suit practical buyers—perhaps first-time homeowners or downsizers—who prioritize neighborhood stability over a brand-new build. A thoughtful perspective is that its "around average" metrics across the board could mean fewer surprises and a predictable ownership experience, which is appealing in its own right. The lot size is notably above average for River Park South, offering more outdoor space than many neighboring properties.

Section 2: Frequently Asked Questions

1. Is the assessed value a good indicator of the likely selling price?
The assessed value ($429k) is for municipal tax purposes. While it provides a benchmark, the final sale price is determined by the market. The last known sale was between $300k-$350k in April 2020, so consulting a local real estate professional for a current market evaluation is essential.

2. How does this home compare to others on Chancery Bay?
The home is newer than most on its street (ranked 7th newest out of 41) but has a lower assessed value and slightly smaller living area than the street average. This could suggest a home that is well-situated but may have different features or updates compared to higher-valued neighbors.

3. What does the lot size mean for potential upgrades or expansions?
At 5,695 sqft, the lot is larger than the neighborhood average. This could provide more flexibility for gardening, outdoor living space, or future additions, subject to local zoning and permit approvals.

4. How can I get the exact historical sale prices for this property?
The website notes that exact sold prices are not displayed publicly due to industry rules. They offer a manual lookup service where you can submit your email to receive the precise transaction history directly.

5. The home was built in 1985. What should I consider regarding its age?
A home of this age is likely to have seen several updates. It’s important to investigate the condition and replacement age of major systems like the roof, windows, furnace, and plumbing. Its ranking as newer than most on the street is a positive, but a thorough inspection remains crucial.