Property Overview: 3 Zylema Cove, River Park South, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated home in River Park South presents a solid, above-average offering within its broader market. Built in 2006, it is newer than most homes in both Winnipeg and the immediate neighborhood. With 1,861 sqft of living space, it provides more room than approximately 85% of citywide properties, positioning it as a spacious family home. The assessed value of $570,000 reflects its standing, ranking within the top 10-11% citywide and in River Park South, suggesting a premium for its combination of size, age, and location.
The appeal lies in its balance and established context. It’s not the largest or most expensive on its street, but it consistently performs above area and city averages, indicating a reliable investment in a desirable neighborhood. The lot size is generous for the area, offering good outdoor space while maintaining a manageable scale. It would suit buyers looking for a move-in-ready, spacious family home in a mature suburban setting, who value a property that metrics show is competitively positioned against its peers. It’s particularly suited for those who prioritize a home that has held its value relative to the wider market, offering a blend of space and modern construction without being at the extreme upper end of the price spectrum.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others on the street?
While its living area and assessed value are around the street average, it is the second-newest home among the 18 comparable properties on Zylema Cove. This suggests potentially lower immediate maintenance costs and more modern building standards than many neighbors.
2. What does the assessed value tell me about the property taxes?
The $570,000 assessment is the city’s valuation for tax purposes. While not a direct market price, its ranking in the top 11% for the neighborhood indicates your property tax bill will be in a higher bracket relative to many homes in River Park South.
3. The home sold in 2017. Is there a way to know the exact price?
The site provides an estimated sold price range. To obtain the exact historical sale figure, you must request a manual lookup via email, as this data is not sourced from the MLS system.
4. Is the lot size a pro or a con?
At just under 6,000 sqft, the lot is above average for River Park South, offering more private outdoor space than many in the area. However, it is slightly smaller than the average lot on Zylema Cove itself, so it’s a relative strength in the wider context but typical for its immediate street.
5. How does this property fit into the wider Winnipeg market?
The data shows a consistent trend: this home ranks in the top 15-16% citywide for living area and top 10% for assessed value. This indicates it offers a size and perceived value that places it firmly above the median Winnipeg home, appealing to buyers seeking an upgrade from a starter home into established, spacious suburban living.