Property Overview: 19 Tranquility Cove, River East, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 840 sqft bungalow, built in 1972, presents a practical and competitively positioned home in a quiet River East cul-de-sac. Its key characteristic is balance: it sits on a modest, manageable lot (4,998 sqft) but holds an assessed value ($345k) that is above average for its own street. This suggests it is well-maintained or updated relative to its immediate neighbors. The home’s living area is smaller than most in the broader neighborhood and city, indicating a more compact, efficient layout.
The appeal lies in its location on a low-traffic street and its solid standing within the immediate community. It represents an opportunity for value in a stable area, without the premium price of a larger lot or square footage. The recent sale history shows steady appreciation.
This property would best suit first-time buyers, downsizers, or pragmatic investors seeking a lower-maintenance home in a established neighborhood. It’s for those who prioritize location and lot over interior space, and who see potential in a home that already outperforms its direct peers in value.
Frequently Asked Questions
1. Is the smaller living area a concern?
While below neighborhood averages, the size is quite typical for the specific street. It indicates a efficient, likely easier-to-maintain home, which can be an advantage for the right buyer.
2. How does the assessed value compare to recent sale prices?
The assessed value of $345k aligns with the sold price range of $350k-$400k from August 2024. This consistency suggests the assessment is current and the market has affirmed the value.
3. What does the "elite" ranking for year built mean?
On Tranquility Cove, being the #1 ranked home for year built simply means it is the newest or one of the newest homes on the street (tied with an average of 1972). It doesn’t imply a recent build, but does indicate relative modernity among its direct neighbors.
4. How does the lot size impact future potential?
The lot is smaller than average for the area. This may limit expansion possibilities like large additions, but also translates to less yard work and lower exterior maintenance costs.
5. Where can I get verified historical sale data for this property?
The site provides estimated sold price ranges. For exact figures and a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.