Property Summary for 3 Chancery Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 3 Chancery Bay in River Park South presents a solid, middle-ground offering in the Winnipeg market. Built in 1985, its construction date is newer than most city homes and is among the newer properties on its own street. With 1,290 sqft of living space, the interior size is typical for the neighborhood and city, though it is slightly more compact than the average home on Chancery Bay itself.

The property’s standout feature is its generous 6,213 sqft lot, which is larger than most in both the immediate area and the wider neighborhood. This offers valuable outdoor space and potential. The current assessed value of $457k sits around the average for the street and neighborhood but is notably above the Winnipeg average, reflecting the desirability of the area.

Its appeal lies in its balance and established setting. It suits practical buyers looking for a manageable-sized home in a mature neighborhood without the premium (or maintenance) of a much larger property. It would particularly fit first-time move-up buyers or downsizers who prioritize a larger yard over a maximized interior footprint. A thoughtful perspective is that while the home isn't the largest on the block, its above-average lot size for the area provides a relative scarcity value—private outdoor space—that is increasingly prized.

Section 2: Frequently Asked Questions

1. How does this home’s size compare to its neighbors?
At 1,290 sqft, the living area is slightly below the average for homes on Chancery Bay but is very close to the average for the broader River Park South neighborhood and the city of Winnipeg.

2. What does the assessed value tell us about this property?
The $457k assessment is around the middle for the street and neighborhood. However, it ranks in the top 27% city-wide, indicating that properties in this area generally hold higher value than the Winnipeg average.

3. When was it last sold, and for how much?
Records indicate a sale in July 2022. The sold price is listed in a range between $500,000 and $550,000, which placed it in the top 6-12% of local sales at that time. Exact sale figures require a verified lookup.

4. Is the lot size a significant feature?
Yes. The lot of over 6,200 sqft is larger than about 80% of lots in River Park South and on Chancery Bay itself. This is a key asset, offering more yard space than is typical for the area.

5. What is the context of the 1985 build year?
Built in 1985, this home is newer than about 71% of comparable homes across Winnipeg. On its own street, it is among the newer properties, suggesting the surrounding homes are of a similar vintage, contributing to a consistent neighborhood character.