Kipsala is an island in Daugava river just in front of the old town and Riga Port, a perfect place for a relaxing stroll in most seasons, if the weather is good. Just ten minutes walk accross the bridge will land you into a totally different world - small town atmosphere with small wooden buildings, gardens, cobblestone streets. This has made it very attractive for affluent residents recently, for example, Gipsa Fabrika, one of the most expensive recent real estate developments is located there. You can also still see poor people there living in run-down wooden shacks.