Property Overview: 91 Yellow Rail Crescent, Winnipeg
Key Characteristics & Appeal
This 2022-built home in Ridgewood South offers a modern living experience within a well-established, newer neighbourhood. Its key appeal lies in the balance it strikes: it’s a contemporary property that doesn’t stand out as an outlier on its street, but offers clear advantages when viewed in a wider context.
With 1,836 sqft of living space, the home is very close to the average for both its street and neighbourhood, suggesting it fits comfortably within the local market. Its assessed value of $497k follows a similar pattern. The standout features become apparent through comparison. The home is exceptionally new, ranking in the top 2% on its street and top 1% city-wide for its year of construction, meaning it should have minimal immediate repair costs and modern building standards. The lot size of 6,846 sqft is also notably above average for the street, providing more private outdoor space than many immediate neighbours.
This property would suit buyers looking for a move-in ready, modern home who value a bit more land in a suburban setting. It’s ideal for those who want a newer build without being in a brand-new development, offering a settled neighbourhood feel. The recent sale history indicates strong value appreciation, making it a consideration for buyers with an eye on long-term investment in a desirable area.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home sold in February 2024 for between $600k-$650k, which placed it in the top 10% of sales on its street at that time. This suggests it commanded a premium, likely due to its new construction and lot size.
2. What does the “above average city-wide” ranking really mean?
While the home is around average for its immediate area, it ranks in the top 20% city-wide for assessed value and top 16% for living area. This indicates you get more space and value compared to the typical Winnipeg home, largely because it’s in a newer suburban neighbourhood.
3. Is the assessed value a reliable indicator of the listing or sale price?
Not directly. The assessed value ($497k) is for municipal tax purposes and is typically below market value. The recent sale price band is a much stronger indicator of its current market worth.
4. The neighbourhood average lot size is larger. Is this a concern?
The larger neighbourhood average (8,317 sqft) is likely skewed by older properties or different street layouts. This home’s lot is actually 36% larger than the average lot on its own street, which is a more relevant and positive comparison.
5. How can I verify the exact past sale prices?
The site provides estimated price bands. Due to industry rules, exact MLS sale figures are not published here. You can request the exact sale history via email from the site provider for a manually verified record.