Property Overview: 58 Tilstone Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,617 sqft home, built in 2020, presents a compelling blend of modern construction and established community living in River Park South. Its appeal lies in its relative newness within a mature neighborhood, offering contemporary building standards while being part of a well-serviced area. The property sits on a notably large lot for its street (6,847 sqft), providing above-average outdoor space and future potential.
While the living area is around the average for the immediate street, it ranks above average city-wide, indicating a efficient and practical footprint. The assessed value of $587k is above average for both the neighborhood and the city, reflecting its newer build and desirable lot size. This home suits buyers seeking a move-in ready, modern property without the wait and uncertainties of a new development. It’s particularly well-matched for those who value private outdoor space and a home that requires minimal immediate upkeep, yet still want the character and established amenities of an older suburb.
A less obvious perspective is the home’s positioning as a "modern outlier" on its street. Being one of the newest homes in the area could mean lower maintenance costs in the near term, but it also places it at a different point in the depreciation curve compared to its neighbors, which is a factor in its above-average valuation.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
According to available data, a home on this street sold in May 2020 for between $450,000 and $500,000. The current assessed value of $587k for 58 Tilstone Bay is above that range, which is consistent with its newer construction year (2020) and larger lot size.
2. Is the living space considered large for Winnipeg?
Yes. At 1,617 sqft, the living area ranks above the city-wide average (Top 25%), making it a comfortably sized home by Winnipeg standards, though it is closer to the average within its own immediate neighborhood and street.
3. What does the "Elite" ranking for Year Built mean?
It means this home is among the newest in its comparison groups. It is the newest of 33 homes on Tilstone Bay (Top 3%), and one of the newest in the entire River Park South neighborhood (Top 1%), indicating very modern construction for the area.
4. Why is the lot size a standout feature?
The lot of 6,847 sqft is the largest among the 33 homes on Tilstone Bay (Top 3%). It provides significantly more yard space than the street and neighborhood averages, which is a rare find for a newer home.
5. Where can I verify the exact historical sale prices?
The provided sold price data is based on public records, not the MLS. For fully verified figures and a complete transaction history, you must request a manual lookup from the site, which they provide via email.