Property Overview
7 Yellow Rail Crescent is a modern, well-sized family home in Winnipeg's Ridgewood South neighborhood. Built in 2021, it offers a move-in-ready opportunity with space and contemporary standards.
Key Characteristics & Appeal
This home’s primary strength is its balance of modern build quality and above-average space relative to the wider city. With 1,868 sqft of living area, it provides ample room for a growing family and ranks within the top 15% of Winnipeg homes for size. Its 2021 construction date is a significant advantage, placing it in the top 2% city-wide for age, suggesting newer systems, modern building codes, and minimal immediate repair needs.
The appeal lies in its position as a solid, contemporary property within a newer subdivision. On its own street, it holds an above-average assessed value and living area, indicating it's a competitive property in its immediate context. The lot size of 4,869 sqft is manageable, offering outdoor space without the high maintenance of a larger yard.
This property would suit first-time buyers looking for a modern home without the "project" aspects of an older property, or growing families seeking move-in-ready space. It also represents a prudent choice for buyers who value newer construction for its energy efficiency and predictable maintenance costs over the character of an older, established neighborhood.
Frequently Asked Questions
1. How does this home compare to others in the area?
Within Ridgewood South, the home is around average for both size and value, meaning it’s a typical offering for this specific neighborhood. Its standout features are its very recent build year compared to the city average and its above-average living space city-wide.
2. What is the likely property tax?
Based on the $545k assessed value, property taxes can be estimated by applying Winnipeg’s current mill rate. For a precise calculation, it’s best to use the City of Winnipeg’s online tax estimator tool with this exact assessment.
3. Why is the lot size smaller than the neighborhood average?
Ridgewood South has a wide mix of lot sizes. The neighborhood average of over 8,300 sqft is skewed by older, larger lots. This home, built in 2021, is part of a newer section where subdivision patterns often yield smaller, more efficient lots, which is reflected in its more average city-wide ranking.
4. The home sold in 2021. What can that price tell me?
The previous sale price (listed in a range between $400k-$450k) provides a historical benchmark. Comparing it to the current $545k assessment indicates market appreciation, but for exact figures and a professional opinion on current market value, requesting the verified sale history or consulting a local agent is recommended.
5. Are there any potential concerns with a home built in 2021?
While a new build minimizes major repair risks, it’s still wise to inquire about the builder’s reputation and check if any Tarion or New Home Warranty coverage remains transferable. Also, consider that newer subdivisions may still be maturing, with ongoing construction nearby and younger, less-established landscaping.