Property score
63.5
Fair
Overall 63.5 · Smaller than most nearby homes
1,013 sqft (bottom 21%) · 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
28% 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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63.5 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
55 Elsbury Bay — 9 amenities found within 500 m, across 5 categories, including 1 dining (nearest 391 m), 1 healthcare (nearest 126 m), 1 shopping (nearest 299 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 12% | Top 49% | Top 37% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 55 Elsbury Bay, Winnipeg
Key Characteristics & Appeal
This 1,013 sqft bungalow, built in 1985, presents a practical and affordable entry point into Winnipeg’s established River Park South neighborhood. Its primary appeal lies in its value positioning. With an assessed value of $352k, it sits comfortably around the city-wide average but is notably below the neighborhood average, suggesting a more accessible price point within a desirable area. The home is well-matched to its immediate street, with living area, year built, and value all aligning closely with neighboring properties on Elsbury Bay.
The property would suit first-time buyers or downsizers seeking a manageable, single-level living space without a premium lot size. Its lot of 3,714 sqft is smaller than many in the wider area, which translates to less yard maintenance—a potential benefit for those seeking simplicity. A thoughtful perspective is that this home represents a "neighborhood buy" rather than a "house buy." You're purchasing into a stable, mature community with amenities, while the home itself offers a solid foundation that may benefit from personal updates over time. The last known sale was in mid-2022, indicating a relatively recent market transaction that can provide a useful benchmark for current value.
Frequently Asked Questions
1. Is this home a good value compared to others in River Park South?
The data indicates it is. The assessed value is significantly below the neighborhood average of $447k, positioning it as one of the more affordable options in River Park South.
2. How does the size of this home compare to others?
At 1,013 sqft, the living area is below the neighborhood average but very close to the average for homes on Elsbury Bay itself. It’s a comfortably sized bungalow, typical for its specific street.
3. What can the 2022 sale price tell me?
The home sold for between $350k-$400k in May 2022. This provides a recent market price point, though conditions have likely changed since. You can request the exact sold price from the site for more precision.
4. Is the lot size a disadvantage?
The lot is smaller than most in River Park South and Winnipeg overall. For some, this is a drawback for outdoor space. For others, it means less upkeep and lower property tax implications, which can be an advantage.
5. How can I get verified sale history for this property?
The site notes that full MLS records are not displayed due to industry rules. To obtain the exact sale history and figures, you must request a manual lookup via email through the provided link on the property page.
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