Property Overview: 27 Manby Avenue, River Park South, Winnipeg

Key Characteristics & Buyer Appeal

This 1985-built home in River Park South presents a solid, middle-of-the-road option in the Winnipeg market. With 1,264 sqft of living space and an assessed value of $398k, it consistently ranks as "around average" compared to homes on its street, in the neighborhood, and across the city. Its key appeal lies in this predictability and stability—it’s a home that aligns closely with established area norms, suggesting less risk of overpaying or encountering unexpected valuation issues.

The lot size of 4,868 sqft is slightly below average for Manby Avenue, which may mean a more manageable yard for some, but less private outdoor space for others. A thoughtful perspective is that the home’s age (newer than the city average) and its recent sale in late 2022 could indicate updated systems or a known maintenance history, providing a degree of reassurance. This property would best suit pragmatic, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize a straightforward purchase in a mature neighborhood over standout luxury or a fixer-upper project. It’s for someone seeking a comfortable entry into the River Park South community without extremes in size, price, or lot scope.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $398k is a municipal tax valuation. It closely aligns with the city-wide average for comparable homes ($390.1k) and sits slightly below the street average ($415.6k). Recent sold data (2022) shows it transacted between $400k-$450k. The assessed value is a useful benchmark, but the final market price will depend on current conditions, property condition, and buyer demand.

2. Is the living space sufficient for a growing family?
At 1,264 sqft, the living area is typical for the area. It ranks in the middle of the pack locally and city-wide. It should accommodate a small to medium-sized family comfortably, but may feel constrained for those needing multiple large bedrooms or dedicated home-office spaces, compared to newer suburban builds.

3. What does the lot size ranking mean for me?
The lot is in the bottom 15% on its own street (ranked 17 out of 20), meaning most direct neighbors have larger yards. However, it is near the neighborhood and city average. This suggests a reasonably standard yard for Winnipeg, but you may have less backyard space than the houses immediately next door.

4. The home sold recently in 2022. Why is that significant?
A sale just a few years ago provides a relatively recent, transparent market price point (in the $400k-$450k range). This reduces guesswork about long-term value history and may indicate the property has been through a modern market cycle, potentially with recent updates or inspections.

5. How can I verify the exact historical sold prices?
The site provides sold price ranges based on public data. Due to industry rules, exact MLS sale figures are not displayed here. You can request the exact sold price history by email through the site’s provided form; they will manually look up and send the verified figures.