2 Pear Tree Bay

Property Overview: 2 Pear Tree Bay, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 2 Pear Tree Bay is a practical, early-1980s bungalow offering a balanced entry point into Winnipeg’s River Park South neighborhood. With 1,063 sqft of living space and an assessed value of $362k, it sits comfortably around average for its street and the wider city, but notably below the neighborhood average, suggesting a relative value opportunity within this specific area.

The appeal lies in its established location on a mature street and its efficient, manageable scale. It’s one of the older homes on Pear Tree Bay, which can imply a well-settled streetscape. The lot, at 3,579 sqft, is smaller than most in the area, which translates to less yard maintenance—a perk for some. Recent sale data indicates it sold between $300k-$350k in late 2022, positioning it as an accessible option.

This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, lower-maintenance home in a family-oriented suburb without a premium price tag. It’s for those who prioritize location and practicality over size or a brand-new build.

Section 2: Frequently Asked Questions

1. Is this a good value for the neighborhood?
Based on assessed values, this home is priced below the River Park South average, potentially offering a more affordable entry into the neighborhood compared to larger or more recently built homes nearby.

2. How does the lot size impact the property?
The lot is smaller than most in the area (ranking in the bottom 20% for the neighborhood). This means less outdoor space for gardening or play, but also reduced upkeep and potentially lower property taxes tied to land value.

3. The home is older than many on the street. Should I be concerned?
Built in 1983, it’s actually one of the newer homes on this specific block of Pear Tree Bay. This suggests consistent construction era for the immediate area, but a thorough inspection is always recommended to understand the condition of major 40-year-old systems like the roof, windows, and furnace.

4. What can the 2022 sale price tell me?
The home sold for an estimated $300k-$350k in September 2022. This provides a recent market benchmark, but values have likely shifted since. Requesting exact sold price figures from the site can give a more precise starting point for understanding its appreciation.

5. Who are the typical neighbors?
The consistent year-built data and similar home sizes on Pear Tree Bay suggest a street of long-term residents in comparable homes, contributing to a stable, established community feel.