Property score
50.2
Fair
Overall 50.2 · Smaller than most nearby homes
696 sqft (bottom 1%) · Built in 1985 (5 yrs older than avg)
Located in a above-average income area with median household income of ~80k
Transit 64.0 · 5-min walk to transit with 2 nearby routes · Within 500m: 1 dining spot, 1 healthcare facility, 1 shop, and 1 bank/ATM nearby
Living Area
Below average
51% 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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50.2 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
54 Elsbury Bay — 9 amenities found within 500 m, across 5 categories, including 1 dining (nearest 374 m), 1 healthcare (nearest 83 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%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 29% | Bottom 34% | Top 48% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 29% | Bottom 21% | Bottom 44% |
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 3% | Bottom 25% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 54 Elsbury Bay, Winnipeg
Key Characteristics & Buyer Appeal
This 1985-built home in River Park South is a compact, single-level property with 696 square feet of living space on a 3,612 sqft lot. Its key characteristic is its position as a more affordable entry point into a well-established neighborhood. The appeal lies in value and simplicity: its assessed value of $324k is notably below the neighborhood average, offering a lower property tax base and a accessible purchase price compared to larger homes on the same street and in River Park South. It suits first-time buyers, downsizers, or investors seeking a manageable, low-maintenance property. A thoughtful perspective is that while the home is smaller than most in the area, its vintage (1985) is actually newer than the Winnipeg average, suggesting potentially fewer age-related issues than many city-wide properties. Its recent sale history shows steady activity, indicating consistent demand for well-priced homes in this location.
Frequently Asked Questions
1. Is this a small home?
Yes. At 696 sqft, the living area is below average for the street, neighborhood, and city. It is a compact bungalow suited for efficient living.
2. Why is the assessed value lower than the neighborhood average?
The assessed value of $324k reflects the home's smaller size and lot relative to most homes in River Park South. It ranks in the top 94% for the area, meaning it is among the most affordable properties there.
3. What can recent sale prices tell me?
The home has sold three times since 2017 (2017, 2022, 2023), each time in the $250k-$350k range. This pattern suggests a stable, in-demand price bracket for the property.
4. How does the lot size impact the property?
The lot is 3,612 sqft, which is below the local average. This means smaller outdoor maintenance but may also limit expansion possibilities compared to larger lots nearby.
5. Where can I get exact historical sale prices?
The provided data shows price ranges. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS sold records.
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