Property Overview: 55 Yellow Rail Crescent, Winnipeg
Key Characteristics & Appeal
This 2021-built home in Ridgewood South offers modern living with a standout position within its immediate area. Its key appeal lies in offering above-average space and a premium assessed value on a street of relatively new, similar homes. With nearly 2,000 sqft of living area, it provides more space than most Winnipeg homes and ranks in the top 12% city-wide for size. The lot is also generous for the street, ranking 7th largest out of 58.
The home’s assessed value of $581K is notably elite on its own street (ranked #2), suggesting it is perceived as a higher-calibre property among its direct peers. This creates an interesting dynamic: while the home fits the average for the broader Ridgewood South neighborhood, it is a leading property on Yellow Rail Crescent itself. This positions it well for buyers who value a newer build (circa 2021) with modern efficiencies and minimal immediate maintenance, set on a desirable, spacious lot.
It would best suit buyers looking for a move-in ready, contemporary home who prioritize a strong value proposition within a specific, newer subdivision. It’s ideal for those who want more space than a typical starter home but appreciate being among similarly aged properties. A thoughtful perspective is that this home offers the benefits of a new build without being in a brand-new, still-developing area, as the street itself is now established with mature landscaping.
Frequently Asked Questions
1. How does this home’s value compare to its neighbors?
Its assessed value is in the top 3% on Yellow Rail Crescent, meaning it is valued significantly higher than the street average. In the broader Ridgewood South area and city-wide, its value is still above average, but its most standout comparison is against its immediate neighbors.
2. Is the lot size typical for the area?
The lot is above average for the street but around average for the wider Ridgewood South neighborhood. It’s worth noting that the average lot in Ridgewood South is actually larger, so this property offers a spacious lot for its specific street, but not necessarily for the entire community.
3. What are the likely advantages of a 2021 build?
A home built in 2021 should have modern building codes, energy efficiency standards, and warranties that may still be partially transferable. It also suggests minimal wear and tear and likely features contemporary layouts and finishes.
4. The home sold in 2021. Is price history available?
The sold price from September 2021 is shown as a range (CA$550k–600k). For verified, exact historical sale figures, you must request a manual lookup from the site via email, as they do not display MLS data directly.
5. How does the living space compare to a typical Winnipeg home?
With 1,973 sqft, this home is significantly larger than the Winnipeg average of 1,342 sqft, placing it in the top 12% of homes city-wide by living area.