Property Overview: 79 Yellow Rail Crescent, Winnipeg
Key Characteristics & Appeal
This 2021-built home in Ridgewood South offers a modern, low-maintenance living experience within a newer subdivision. Its key appeal lies in its balance of space, age, and value. At 1,892 sqft, the living area is above the Winnipeg average, providing ample room for a growing family or those seeking a comfortable upgrade. The lot size (5,616 sqft) is notably above average for its immediate street, offering good outdoor space for a newer community.
The home’s primary advantage is its contemporary build, ranking in the top 2% city-wide for age. This translates to modern construction standards, likely fewer immediate repairs, and contemporary floor plans. Its assessed value of $480k positions it as a relative value within its own neighborhood and street, where averages are higher, while still being above the city-wide benchmark. This creates an interesting proposition: you’re acquiring a newer, well-sized home at a price point that sits below the local area norm, suggesting potential for equity growth as the home aligns with its immediate peers.
It would suit first-time move-up buyers or young families seeking a modern home without the premium of a brand-new build. It also appeals to value-conscious buyers who want the benefits of a new community but are mindful of price relative to neighboring properties.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not directly. The assessed value of $480k is for municipal tax purposes. The home last sold in 2021 for between $400k-$450k. Current market conditions, the home’s condition, and buyer demand will determine the final sale price. The assessment does show it’s valued below the street and neighborhood averages, which can be a positive starting point for a buyer.
2. How does the lot size compare to older neighborhoods?
The lot is generous for its own newer street but is around average city-wide and smaller than the broader Ridgewood South average. This is typical of newer subdivisions. Buyers prioritizing a large yard may find bigger lots in older areas, but those wanting a newer home will find this lot size competitive.
3. What does the "Top 2%" city-wide ranking for year built mean?
It means this home is newer than approximately 98% of comparable properties across Winnipeg. This is a significant advantage, indicating modern materials, energy efficiency, and layouts, with many major components like the roof, HVAC, and appliances still early in their lifespan.
4. Why is the assessed value below the street and neighborhood average?
This can be due to several factors, including the specific finish level of the home, its exact location on the street, or the timing of the assessment cycle relative to recent upgrades. It doesn’t necessarily indicate a problem; it often highlights a value opportunity within a desirable area.
5. Where can I find verified historical sale prices for this home?
The site provides an estimated sale price band from 2021. For fully verified and exact transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system available to realtors.