Property Overview: 23 Tranquility Cove, River East, Winnipeg
Key Characteristics & Appeal
This 1,076 sqft bungalow, built in 1972, sits on a 5,498 sqft lot in Winnipeg's River East neighborhood. Its primary appeal lies in its strong positioning within its immediate, established street. The home ranks above average in living area for Tranquility Cove and is the newest build on the street, suggesting a well-kept property in a consistent setting. With an assessed value of $337k, it is priced accessibly compared to the broader River East area, where average values are significantly higher. This creates a value proposition: you get a home that stands out on its own street for space and age, without the premium often associated with the wider neighborhood.
The property would suit first-time buyers or downsizers seeking a manageable, single-level home in a quiet cul-de-sac setting. It’s also a practical fit for value-conscious buyers who prioritize a solid footing in a specific street over having a larger-than-average lot for the area. The recent sale in 2024 indicates a modern, market-tested transaction, providing clarity for new buyers.
Frequently Asked Questions
1. How does this home really compare to others nearby?
While its size is below the River East neighborhood average, it is actually larger than most homes on its own street. Its assessed value is also notably lower than the neighborhood average, which may indicate either a valuation opportunity or differences in finishes or updates.
2. What does the "newest build on the street" ranking mean?
All homes on Tranquility Cove were built around 1972. This ranking means this specific home was likely built slightly later in that year than its immediate neighbors, a minor but positive data point regarding its relative age.
3. Is the lot size a drawback?
The lot is smaller than the neighborhood average but is typical for Tranquility Cove. It offers a standard suburban yard for the street, which may appeal to those seeking lower maintenance without sacrificing outdoor space entirely.
4. Why is the neighborhood assessed value average so much higher?
River East encompasses a wide variety of homes. The higher neighborhood average includes many larger, newer, or more renovated properties. This home's value is more aligned with its specific pocket, offering an entry point into the area.
5. Where can I get the exact sold price from 2024?
The provided sold price range is based on public data. Due to industry regulations, exact sale figures are not published online here. You can request the precise sold price history via email from the site, which they will provide manually without using your email for marketing.