Property Overview: 111 Pear Tree Bay, Winnipeg
Key Characteristics & Appeal
This 1983-built home in River Park South stands out on its street for its above-average scale and lot size. With 1,510 sqft of living space on a 5,500 sqft lot, it offers more room than most immediate neighbors, ranking in the top 10-20% on Pear Tree Bay for these features. Its assessed value of $434K is also notably higher than the street average, suggesting a premium position within the micro-market.
The appeal lies in its established, consistent setting. Homes on the street share the same vintage, creating a uniform streetscape. For buyers, this means less risk of drastic over-improvement compared to the neighborhood. It’s a property that suits someone looking for a spacious home in a mature area without being the largest or newest house in a more varied subdivision. It represents a solid, middle-ground option in Winnipeg—offering more house than the city average, on a good-sized lot, in a stable pocket of a popular family neighborhood.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold between $400K-$450K in August 2023. Its current assessed value ($434K) is above the street average but close to the neighborhood average, indicating its valuation is in line with broader area trends, though at the higher end for its specific block.
2. Is the lot size a significant advantage?
Yes, particularly on this street. The 5,500 sqft lot is about 19% larger than the street average, offering more outdoor space than most direct comparables. This is a key differentiator here, though it is closer to the average for the wider River Park South area.
3. What does the year built tell us?
Built in 1983, it is typical for the street but newer than the average Winnipeg home. This suggests infrastructure like wiring and plumbing may be more modern than in many older city neighborhoods, while the established age means major components could be nearing or due for updates.
4. Why is the assessed value higher than the street average?
The higher assessment likely reflects the combined value of its larger living area and larger lot compared to other homes on Pear Tree Bay. It’s physically a bigger property on a bigger piece of land, which is consistently factored into municipal assessment.
5. Where can I get exact historical sale prices?
The site provides estimated price ranges. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.