Property Overview: 107 Pear Tree Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This home at 107 Pear Tree Bay stands out for its above-average scale and established value within its community. With 1,650 sqft of living space, it is notably larger than most homes on its street and in the broader River Park South neighborhood. The lot size of 7,482 sqft is a significant feature, offering ample outdoor space that ranks in the top 10% locally. Built in 1984, the property is among the newer homes on its street. Its assessed value of $492k is elite for Pear Tree Bay, indicating a premium position relative to immediate neighbors.
The appeal lies in securing a property that outperforms local benchmarks for space, both indoors and out, on a mature street. It suits buyers looking for a established neighborhood character who prioritize generous room sizes and a larger yard over a brand-new build. It would particularly fit growing families seeking space or those who value having one of the more substantial properties on the block, which can contribute to long-term value stability. A thoughtful perspective is that while the assessed value is high for the street, it remains below the neighborhood average, potentially offering a "best on the block" status without the peak area price tag.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
The home last sold between $350k-$400k in 2016. Its current assessed value of $492k is elite for its street. For precise, verified sale history and exact past sale prices, a manual lookup can be requested.
2. Is the living area considered large for the area?
Yes. At 1,650 sqft, it ranks in the top 8% on Pear Tree Bay and is above the averages for both River Park South and Winnipeg overall.
3. What does the "Elite" ranking for assessed value mean?
It means this home’s $492k assessment is in the top 4% of 51 comparable properties on Pear Tree Bay, suggesting it is viewed as one of the most valuable homes on the street.
4. How does the lot size compare?
The 7,482 sqft lot is substantially larger than the street average (4,622 sqft) and places in the top 10% within the River Park South neighborhood.
5. You mention it’s “among the newer homes on its street.” How old is it?
Built in 1984, it is just one year newer than the street’s average build year of 1983, placing it in the top 4% for its street. It is older than the neighborhood average but newer than the citywide average for comparable homes.