Property Overview: 55 Tilstone Bay, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in River Park South presents a compelling blend of modern convenience and established neighborhood appeal. Built in 2017, it is a notably newer property compared to most homes in both the wider neighborhood and across Winnipeg, suggesting contemporary construction and potentially lower maintenance. With 1,668 sqft of living space, it offers above-average roominess for the area and city. The assessed value of $613k positions it within the top tier for River Park South, indicating a premium property within a desirable community.
The primary appeal lies in its strong positional value. While it is around average for its specific street in several metrics, it stands out significantly at the neighborhood and city level. This suggests you are buying into one of the newer, more valuable homes in a mature and sought-after area. The lot size is generous for the neighborhood, offering good outdoor space.
This property would best suit buyers looking for a move-in ready, modern home without sacrificing the established feel of a mature suburb. It’s ideal for those who value a newer build’s efficiencies but want to be part of a community with developed amenities and landscaping. It represents a solid choice for professionals or families seeking a balance between contemporary living and long-term neighborhood stability.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, this home sold in August 2023 for an estimated $650k-$700k. This sale price placed it in the top 2% for the River Park South neighborhood at that time, confirming its premium market position.
2. Is the living space typical for the area?
Yes, but with a key advantage. At 1,668 sqft, it is larger than the average home in both River Park South and Winnipeg overall. On its own street, it is close to the average, meaning it fits right in without feeling oversized or undersized.
3. What does the “Elite” ranking for Year Built mean?
This ranking indicates 55 Tilstone Bay is significantly newer than most comparable homes. Being built in 2017 places it in the top 1% of homes in River Park South and the top 5% city-wide by age. This is a major point of differentiation from many other properties in the area.
4. The assessed value seems high for the neighborhood. Why?
The $613k assessment is in the top 5% for River Park South. This is likely due to the combination of its newer construction, above-average living area, and desirable location. It reflects the property’s premium standing within the community.
5. Where can I get verified historical price data?
The site notes that exact sold price figures are not displayed publicly due to industry rules. They offer a manual lookup service where you can request the full transaction history and exact sale prices be emailed to you, typically by the end of the same business day.