Property Overview
59 Yellow Rail Crescent is a modern, spacious home in Winnipeg's Ridgewood South neighborhood. Built in 2022, it stands out for its generous proportions and newer construction within a well-established area.
Key Characteristics & Appeal
This property's primary appeal lies in its above-average size and modern status. With 2,065 square feet of living space, it is notably larger than most homes in Winnipeg and on its own street. The lot size is a significant feature, at over 10,500 square feet, placing it in the top tier locally for outdoor space. As a 2022 build, it offers contemporary construction standards and minimal initial maintenance concerns.
The home suits buyers looking for a move-in ready, modern property without sacrificing yard space. It’s ideal for a growing family needing room both inside and out, or for someone seeking a newer home in a mature neighborhood. A thoughtful perspective is its positioning: while its assessed value is above average for the city, it is around the neighborhood average, suggesting it may offer good value within this specific, desirable area. The data indicates you are buying a home that is newer, larger, and on a bigger lot than the vast majority of the city, which provides a solid foundation for both livability and long-term value.
Frequently Asked Questions
1. How does this home compare to others on the street?
It ranks highly on Yellow Rail Crescent. It has the largest lot (#1 out of 58), is the newest build (#1 out of 58), and has above-average living space (#6 out of 58). Its assessed value is also above the street average.
2. What is the exact sold price history?
The listed sold price range is from April 2022. Due to data display rules, exact historical sold prices are not published on the site. You can request the full, verified transaction history by email, which will be provided manually.
3. Is the assessed value a reliable indicator of the market price?
The assessed value of $551k is a municipal valuation for tax purposes. While it provides a benchmark—showing the home is above average city-wide—the market price is determined by current buyer demand and recent comparable sales.
4. What are the potential trade-offs of a newer home in this area?
While offering modern amenities and efficiency, a 2022 build may come at a price premium compared to older homes on the street. The neighborhood average for assessed value is slightly higher, suggesting some older homes in the area may have higher valuations due to other factors like finishes or location.
5. How does the lot size impact value and utility?
The elite-sized lot (top 2% on the street) is a major asset. It provides ample private outdoor space, potential for landscaping or additions, and a sense of privacy less common in newer subdivisions. This feature likely contributes significantly to its above-average valuation.