Property score
56.3
Fair
Overall 56.3 · Smaller than most nearby homes
888 sqft (bottom 9%) · Built in 1985 (5 yrs older than avg)
Located in a above-average income area with median household income of ~80k
Transit 74.0 · 3-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 healthcare facility, 1 shop, and 1 park nearby
Living Area
Below average
37% smaller than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 68%French · 7%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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56.3 is composed by the two sections below.
Property Score
Community Score
River Park South
How to read: Share of sales in each ~$50k price band for “river park south” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46111008
$80K
Median household income
$84K
Average household income
7%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.8
P90 / P10 ratio
32%
Single-person households
20%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
22 Elsbury Bay — 9 amenities found within 500 m, across 6 categories, including 1 dining (nearest 338 m), 1 healthcare (nearest 126 m), 1 shopping (nearest 266 m).
River Park South · WPS public data · 2026
Annual incidents
25
2026
vs. city avg
-15%
relative to avg
Year-over-year
▼ -90%
vs. prior year
Primary type
Property
64%
22 Elsbury Bay: We are not showing a transaction history based solely on public data; that does not mean no sale ever occurred. You can still request details by email in the “Data notes” section below—we will look it up manually and reply with the most accurate information available.
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 22 Elsbury Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This 1985-built home in River Park South presents a practical and affordable entry point into a well-established Winnipeg neighborhood. With 888 square feet of living space and a 3,614 sqft lot, its scale is modest, ranking below area averages for size. This translates to lower utility costs and less maintenance, a key characteristic for budget-conscious buyers.
The primary appeal lies in its value positioning. With an assessed value of $338,000, it sits below the neighborhood average ($447.2k) and slightly below the city average, offering a relative discount for the location. It suits first-time homebuyers, downsizers, or investors seeking a manageable property with a lower tax and maintenance footprint. A thoughtful perspective is that its smaller scale on a street of larger homes could offer future redevelopment potential, subject to local zoning. Its age (1985) is newer than the Winnipeg average, suggesting potentially fewer major age-related issues than many city homes.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($338k) is for municipal tax purposes and is a historical snapshot. Market conditions, property condition, and recent upgrades ultimately determine sale price. It serves as a useful benchmark, showing this home is valued below many in its immediate area.
2. How does the smaller living area compare to nearby homes?
At 888 sqft, the home is smaller than most in River Park South (neighborhood average 1,410 sqft) but is closer to the average on its own street (978 sqft). This indicates a street with generally more compact homes, which can foster a neighborhood feel suited to similar lifestyles.
3. What does the lack of displayed transaction history mean?
The site does not pull data from the MLS. A missing public record does not mean the home has never sold; those records may simply not be in their database. They offer a manual lookup service to obtain verified sale history.
4. Who might this property not suit?
Buyers requiring significant space, either indoors or outdoors, may find it limiting. The lot and living area are below common suburban standards. It may also not suit those seeking a modern, recently built home, as some updates may be needed given its 1985 construction.
5. How does its value compare city-wide?
City-wide, its assessed value is around the middle of the pack (top 58%), while its living area is smaller than average (top 85%). This highlights the trade-off: you are paying for a proportionally higher share of the location and structure than for sheer square footage compared to the broader Winnipeg market.
