8 Yellow Rail Crescent

Property Overview: 8 Yellow Rail Crescent, Winnipeg

Key Characteristics & Appeal

This 2020-built home in Ridgewood South offers a modern, low-maintenance living experience within a newer subdivision. Its 1,728 sqft living space is competitively sized, ranking above the Winnipeg city average, while the 5,673 sqft lot is notably larger than most on its street, providing good outdoor space for a newer community. The home’s primary appeal lies in its contemporary construction, offering buyers modern building standards, energy efficiency, and minimal immediate repair concerns compared to much of Winnipeg’s older housing stock.

The property presents a nuanced value proposition. Its assessed value ($474k) sits below the averages for both its immediate street and the wider Ridgewood South area, potentially indicating room for equity growth as the home matures in a developing neighborhood. However, it is priced above the citywide average, reflecting its newer condition. This home would suit first-time buyers or young families seeking a turn-key, modern property without the upkeep of an older home, and investors or value-conscious buyers who see potential in a newer home priced below its immediate peer average.

Frequently Asked Questions

1. Is this home a good value compared to its neighbors?
The data suggests it may be. The home’s assessed value is below the average for both Yellow Rail Crescent and the broader Ridgewood South area, while its lot size is above the street average and it’s a modern build. This could represent a relative value opportunity within this specific newer community.

2. What does the sold price history tell us?
The home last sold in September 2020 for between $400k-$450k. Given its current assessed value of $474k, this indicates appreciation. The sale also falls within the top 30% of citywide sale prices, confirming its position as a above-average priced home in the Winnipeg market.

3. How does the lot size compare?
At 5,673 sqft, the lot is above average for Yellow Rail Crescent (ranked 9th largest out of 58 lots). However, it is smaller than the average lot for the wider Ridgewood South neighborhood. This means you have more space than most direct neighbors, but the overall area may include properties with larger, more established yards.

4. Who might this property not suit?
Buyers seeking a large, mature yard or an established neighborhood with older trees might find the lot and streetscape typical of a recent development. Additionally, those whose budget is strictly at the citywide average price point may find it above their target.

5. How can I verify the exact past sold price?
The site provides sold price ranges for general research. To obtain the exact historical sale figure, you must request a manual lookup via email, as this data is not sourced from the MLS system.