Property Overview: 23 Tiverton Bay, River Park South, Winnipeg
Key Characteristics, Appeal & Ideal Buyer
This 1986-built home in River Park South stands out for its substantial size and established presence. Its primary appeal is space: with 2,430 sqft of living area, it ranks in the top 3% on its street and within the top 3% city-wide for comparable homes, offering significantly more room than local and city averages. The property sits on a large 6,656 sqft lot, providing ample outdoor space in a neighborhood where lots are typically smaller. With an assessed value of $554k, it is the highest-valued home on Tiverton Bay, indicating a premium property within its immediate context.
The appeal lies in acquiring a home that is a clear "best-in-class" on its block, offering room to grow and a sense of permanence in a mature, well-regarded neighborhood. It suits buyers who prioritize interior space and a larger yard over a brand-new build, and who understand the value of an established, high-ranking property within its micro-market. It’s an ideal fit for growing families seeking room to spread out, or for those looking to trade up within the same area to a home that offers both prestige and practical space without moving to a new community.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $554k is for municipal tax purposes and is often a conservative benchmark. Given it's the highest assessment on the street and the home last sold for an estimated $450k-$500k in mid-2020, current market conditions and the home's standout size would likely command a price at or above its assessed value.
2. Is a 1986-built home a concern for maintenance?
While the build year is above average for the street, homes from this era are typically past the initial major component failures but are now entering the phase where original roofing, windows, and major systems may need planned replacement or upgrading. A thorough inspection is key.
3. What does its top ranking for living area actually mean?
It means that compared to similar types of homes, this property has more interior space than 97% of homes on its street, 98% in River Park South, and 97% across Winnipeg. You are buying into the top tier of available space.
4. The lot is large for the area, but how does it compare city-wide?
The lot is above average for the neighborhood (top 16%), but interestingly, it is slightly larger than the city-wide average for comparable homes. This means you get a relative "double advantage": a lot that feels spacious locally and still holds its own in a broader comparison.
5. How can I verify the exact past sale price?
The site provides an estimated sold price range. Due to industry data restrictions, exact MLS sale figures are not displayed publicly here. You can request the exact historical sold price by emailing the site directly for a manual lookup.