Property Overview: 26 Chesham Cove, Winnipeg

Key Characteristics & Appeal

This 1,455 sqft home, built in 1987, presents a solid, middle-ground opportunity in the River Park South neighborhood. Its appeal lies in its balanced and above-average positioning across key metrics. The assessed value of $515k is notably above average for Winnipeg and the local area, suggesting a perception of quality and desirability. While the living space is average for the street and neighborhood, the lot size of 6,428 sqft is a standout feature, offering more outdoor space than most homes in River Park South and across the city.

The home would suit practical buyers looking for a established property in a mature neighborhood without extreme outliers. It’s ideal for someone who values a larger yard over having the biggest house on the block, and for those who appreciate a home that holds its assessed value well above city norms. The data suggests a property that isn’t the newest or largest, but one that has maintained a strong, consistent valuation relative to its peers.

Frequently Asked Questions

1. Is the lot size a pro or a con?
It’s primarily a pro. While it's the smallest lot on Chesham Cove, it's still larger than the average lot in both River Park South and Winnipeg overall. This means you likely get more private outdoor space than in many newer subdivisions, but with slightly closer neighbors than others on this specific street.

2. What does the above-average assessed value indicate?
A higher assessed value than local and city averages can reflect desirable updates, quality of construction, or a premium location within the area. It’s important to note this is the city's assessment for tax purposes, not a market appraisal, but it consistently places this home in a higher tier.

3. How does the 1987 build year compare?
On its own street, it's the newest home among the comparable listings. In the broader context, it's newer than the Winnipeg average but typical for River Park South. This suggests a home from an established era of construction, potentially with more modern infrastructure than much of the city's housing stock.

4. The last sold price shows a range of $400k-$450k in 2019. Why is the assessed value now $515k?
The assessed value is an estimate by the municipal tax authority, influenced by market trends and city-wide data. The sold price is the actual historical transaction figure. The increase highlights market appreciation over the period, but for precise current market value, a professional appraisal or comparative market analysis is needed.

5. Are the 'average' figures a good benchmark?
Yes, but context is key. The averages provided are medians for "comparable homes" in each scope. The data shows this property performs better than average in value and lot size at the city level, and holds its own in living space. It's most useful to see how the home shifts between being average, above, or below when viewed on the street, neighborhood, or city scale.