Property Overview: 19 Zylema Cove, River Park South, Winnipeg
Key Characteristics & Appeal
This 2006-built home in River Park South offers a well-proportioned living space of over 2,000 square feet on a standard suburban lot. Its primary appeal lies in its strong, above-average positioning within the broader market. The home is notably spacious, ranking in the top 10-11% for living area both in its neighborhood and across Winnipeg compared to similar properties. It presents a value-conscious opportunity, as its current assessed value ($521k) sits below the street average, suggesting a potentially favorable entry point into a mature, established cul-de-sac where homes are consistently valued higher.
The property would suit practical buyers looking for a move-in ready, spacious family home in a settled community without paying a premium for the newest construction. It’s particularly suited for those who prioritize interior space over the largest possible yard, and for value-focused buyers who see potential in a home priced below its immediate peers on the same street, yet still above area and city averages.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $521k is for municipal tax purposes. Notably, it is below the average for Zylema Cove itself. The last known sold price (2022) was in the $600k-$650k range, which is a more relevant market benchmark, though conditions have changed since then.
2. How does the home’s size compare to others nearby?
Very favorably. With 2,022 sqft, it is significantly larger than the average home in River Park South (1,410 sqft) and Winnipeg overall (1,342 sqft). On its own street, it ranks 3rd largest out of 18 homes.
3. The lot size seems average. Is that a drawback?
Not necessarily. At 5,825 sqft, the lot is slightly above the neighborhood average. It provides a typical suburban yard for the area. The trade-off is that the home itself offers more interior space than many surrounding properties, which may be a preferred balance for many buyers.
4. What does the "Below Average" assessed value ranking on the street mean?
This indicates that this home’s assessed value is lower than most of its direct neighbors (ranked 16th out of 18). This could be due to various factors like specific updates, finishes, or lot particulars. For a buyer, it can signal an opportunity to acquire a larger-than-average home on the street at a lower tax-assessment base.
5. How can I get the exact historical sale price instead of a range?
The site provides sold price ranges publicly. To receive verified, exact sale figures, you must request them directly via email through the provided form. This is due to data licensing rules that prevent the direct display of certain transaction records.