Property Overview: 115 Pear Tree Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This 1983-built home in River Park South presents a compelling mix of space, value, and established community living. Its primary appeal lies in its generous 7,935 sqft lot, which ranks in the top 8% for size both on its street and in the wider neighborhood, offering significant outdoor potential compared to most nearby properties. With 1,180 sqft of living area, the home itself is comfortably above the average for Pear Tree Bay, providing more interior space than many direct neighbors.
The property’s assessed value of $447k is notably above averages for both its street and the city, suggesting it is viewed as a premium offering within its immediate context. This is a home that balances a mature, established neighborhood feel with metrics that stand out locally, particularly for buyers prioritizing land size. It would suit a buyer looking for a solid, well-sized property in a mature Winnipeg suburb—someone who values a larger yard for family, gardening, or future projects, and appreciates a home that compares favorably in scale and value to its closest comparables.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
It last sold between $400k-$450k in August 2021. Its current assessed value ($447k) ranks in the top 12% on Pear Tree Bay, indicating it is positioned at the higher end of the street’s value range.
2. Is the lot size unusual for the area?
Yes. The lot is substantially larger than the street average (4,622 sqft) and the neighborhood average (5,447 sqft), placing it in the top 8% for River Park South. This is one of the property’s most distinctive features.
3. What does the "year built" ranking mean?
Built in 1983, it is older than about two-thirds of similar homes in Winnipeg overall. However, on its own street, it is actually newer than most, ranking in the top 6%. This indicates Pear Tree Bay is a street of primarily early-80s builds.
4. Are the sold prices shown here from the MLS?
No. The sold price data is from public online sources, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup from the site.
5. The living area is above the street average but near the city average. What does that suggest?
This highlights the character of the immediate area. Homes on Pear Tree Bay tend to be more modest in size (avg. 1,071 sqft), so this property offers more interior space than its direct neighbors, while being typical of a wider Winnipeg home.