Property Overview: 75 Yellow Rail Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,674 sqft home, built in 2020, presents a compelling mix of modern convenience and relative value within Winnipeg’s broader market. Its primary appeal lies in its position as a newer, well-sized home that is competitively priced compared to the city average. With an assessed value of $474k, it sits above the Winnipeg norm ($390k) but below the averages for its immediate street ($510k) and Ridgewood South neighborhood ($560k). This suggests a potential value opportunity for a buyer seeking a modern home in a newer development area without paying the peak premium of its specific locale.
The home suits first-time buyers or young families looking for a turn-key property with minimal upkeep in its early years. It also appeals to value-conscious buyers who prioritize a newer build and more interior space (it ranks in the top 22% city-wide for living area) over a larger lot, as the 5,335 sqft land parcel is more modest compared to some neighborhood offerings. A thoughtful perspective is that while it may feel "below average" on its own street, it represents a notably above-average offering for the wider city, making it a smart entry point into a desirable, modern segment of the Winnipeg market.
Section 2: Frequently Asked Questions
1. Is this home a good value compared to others in the area?
The data suggests it is positioned as a relative value within Ridgewood South. Its assessed value is below the neighborhood average, and it last sold in 2020 for an estimated $400k-$450k, which was near the top of the market range city-wide at that time.
2. What does the "Below Average" ranking for the street mean?
This indicates that on Yellow Rail Crescent, many homes are slightly larger and have a higher assessed value. However, the home is newer than the street average (2020 vs. 2021), and the lot size is actually above average for the street, offering a good outdoor space for the area.
3. How does the lot size compare?
At 5,335 sqft, the lot is above average for Yellow Rail Crescent but smaller than the broader neighborhood average. This is typical for newer subdivisions and means lower maintenance, but may offer less privacy or space for expansions than older, larger lots in the area.
4. The home is newer (2020). What are the implications?
A 2020 build means modern construction standards, likely better energy efficiency, and all major components (roof, HVAC, appliances) being relatively new, minimizing near-term repair costs. City-wide, it ranks in the elite top 3% for year built.
5. How can I verify the exact past sale price?
The site provides an estimated sold price range. Due to industry rules, exact MLS sale figures are not displayed publicly here. You can request the exact sold price history via email from the site provider for a manually verified figure.