Property Overview
This home at 52 Yellow Rail Crescent presents a compelling mix of modern convenience and relative value within Winnipeg. Built in 2020, it offers a move-in-ready, contemporary living space without the premium often attached to brand-new construction.
Key Characteristics & Appeal
The primary appeal of this property lies in its strong citywide positioning combined with its modern age. At 1,635 sqft, the living area is comfortably above the Winnipeg average, making it a spacious option for many buyers. Its 2020 build date places it in the top 3% citywide for newness, suggesting lower immediate maintenance costs and modern building standards.
However, its context is key. Within its own Ridgewood South neighborhood and on Yellow Rail Crescent itself, the home sits below average for both size and assessed value. This creates an interesting dynamic: it’s a newer, above-average city home that is one of the more affordable options on its street. The lot size is also more compact compared to area norms, which translates to less yard upkeep.
This profile would suit first-time buyers or young families seeking a modern home in a newer community who are comfortable with a standard-sized lot. It’s also a sensible option for value-conscious buyers looking for an entry point into a neighborhood where many homes carry higher assessments.
Frequently Asked Questions
Is this a good value for the area?
The data suggests it is competitively priced for the immediate area. Its assessed value is below the street and neighborhood averages, which could indicate a relative value opportunity, especially given its recent build year.
What are the trade-offs for the lower price?
The home offers less living space and a smaller lot than many of its neighbors. For buyers who prioritize a modern, low-maintenance home over maximum square footage or a large yard, this is a logical trade-off.
How reliable are the sold price comparisons?
The listed sold price from 2020 is a baseline, but it's from the original purchase. For the most accurate and current comparable sales data, you should request the manually verified figures via email, as explained in the data notes.
What does the "Elite" citywide ranking for year built mean?
It means this home is newer than approximately 97% of comparable properties across all of Winnipeg. This is a significant advantage in terms of expected systems (roof, HVAC, appliances) longevity and modern energy efficiency.
Why is the lot size smaller than the neighborhood average?
Ridgewood South appears to have a mix of lot sizes. This property is on a more compact, likely low-maintenance lot, which is common in newer subdivisions. This can be a benefit for those seeking easier outdoor upkeep.