80.1
Excellent
Property score
80.1
Excellent
Overall 80.1
Compared with neighbourhood average
1,620 sqft (top 31%)
Built in 1985 (5 yrs older than avg)
Located in a high-income area
with median household income of ~101k
Transit 74.0
2-min walk to transit with 2 nearby routes
Within 500m: 1 school nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Near average
15% larger than neighborhood avg.
Year Built
Near average
5 yrs older than neighborhood avg.
Mother tongue
English · 67%Tagalog · 7%
Past 10 years River Park South sales snapshot (~80% of all data)
1,302
451k
$355/sqft
1990
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80.1 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: #46110504
$101K
Median household income
$119K
Average household income
4%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.6
P90 / P10 ratio
15%
Single-person households
36%
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
71 Chancery Bay — 1 amenities found within 500 m, across 1 categories, including 1 education (nearest 456 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%
Local garbage, recycling, and yard waste pickup schedule for 71 Chancery Bay.
Garbage
friday
Recycling
friday
Yard Waste
friday a
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 37% | Top 39% | Top 30% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview: 71 Chancery Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 71 Chancery Bay is a well-established property in the River Park South neighborhood, built in 1985. Its key strength is its above-average living space of 1,620 sqft, which ranks in the top quarter of homes both on its street and across Winnipeg. This suggests a comfortable, spacious interior relative to many comparable properties.
The appeal lies in its solid positioning within a mature community. With an assessed value of $500,000, it sits above average for its street, neighborhood, and the city, indicating a perceived value that outpaces many peers. The lot, while slightly smaller than others on Chancery Bay, is consistent with the neighborhood average. The home’s age is typical for the street but is actually newer than the average Winnipeg home, potentially pointing to fewer immediate age-related concerns than in older city districts.
This property would likely suit buyers looking for a move-in ready home in a settled area who prioritize interior space over a large yard. It’s a practical choice for those seeking a home with a strong, above-average footprint and assessed value in a neighborhood context, rather than a standout or project property.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
The home sold in May 2017 for a price between $400,000 and $450,000. Its current assessed value of $500,000 is higher, reflecting market changes and possibly updates to the property over the past seven years.
2. Is the lot size a disadvantage?
The lot is smaller than most on Chancery Bay itself but is very close to the average for the wider River Park South area. It offers a manageable outdoor space with likely less maintenance, which could be an advantage for some buyers.
3. What does the "above average" ranking for assessed value mean?
It means this home’s official city assessment is higher than most comparable homes on its street, in the neighborhood, and across Winnipeg. This often correlates with market value and can indicate a desirable property, but the final sale price is always determined by the current market.
4. Are there many similar homes nearby?
Yes. The provided data shows several homes on the same street and in River Park South with similar living areas, year built, and assessed values, suggesting a consistent character and price point in the immediate area.
5. How can I find out the exact past sale price?
The exact sale price is not publicly displayed online due to industry rules. You can request the exact figure by emailing the site directly for a manual lookup.
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