83 Yellow Rail Crescent

Property Overview: 83 Yellow Rail Crescent, Winnipeg

Key Characteristics & Appeal

This 2021-built home in Ridgewood South presents a compelling mix of modern living and relative value. At 1,576 sqft, its living space is notably above the Winnipeg city average, offering more room than most homes across the city, though it is on the smaller side for its immediate street and neighborhood. This positioning is key to its appeal: you are acquiring a newer, low-maintenance property in a community of generally larger, more expensive homes, but at an assessed value ($495k) that sits comfortably around the street average and significantly above the citywide benchmark.

The lot size (5,334 sqft) is generous for the street, providing good outdoor space in a newer subdivision. Its standout feature is its age; being built in 2021 places it in the top 2% of homes city-wide for newness, suggesting modern building standards, energy efficiency, and minimal immediate repair costs.

This property would suit first-time buyers or young families looking for a modern, move-in-ready home without the premium often attached to the largest houses in a desirable area. It also appeals to the value-conscious buyer who prioritizes newer construction and is comfortable with a efficient floor plan over maximum square footage. A less obvious perspective is its potential as a strategic entry point into a stable neighborhood—it offers the benefits of the community while leaving more room for future value appreciation compared to buying the biggest home on the block.

Frequently Asked Questions

1. Is this home fairly priced compared to its neighbors?
The assessed value of $495,000 is very close to the street average ($510k) and below the broader neighborhood average ($560k). This suggests it is competitively positioned, potentially offering value given its recent build year.

2. What are the trade-offs with the living space?
While above average for Winnipeg, the living area is below average for both Yellow Rail Crescent and Ridgewood South. This means you get a newer home, but likely with a more efficient or compact layout compared to older, larger houses nearby.

3. How reliable is the sold price data shown?
The listed sold price range (CA$450k-500k in 8/2021) is based on public data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email.

4. The home is newer, but what about the lot size?
The lot is above average for the street, which is positive. However, it is smaller than the typical lot in the wider Ridgewood South area. This is common for newer subdivisions and translates to less yard maintenance.

5. What does the "Elite" city-wide ranking for year built mean?
This indicates the home is newer than approximately 98% of comparable properties across all of Winnipeg. It highlights a major advantage in terms of modern construction, systems, and likely lower near-term maintenance costs.