Property Overview: 59 Tilstone Bay, River Park South, Winnipeg
Key Characteristics & Appeal
This 2018-built home in River Park South stands out for its modern foundation and above-average scale. With 1,855 sqft of living space, it is notably larger than most homes in the neighborhood and across Winnipeg. Its primary appeal lies in its premium positioning, evidenced by an assessed value of $716k, which ranks in the top 1% of River Park South and the top 4% city-wide. This suggests a property that has been valued significantly higher than its peers, likely due to its newer construction, size, and finishes.
The home would suit buyers looking for a move-in ready, modern property in a well-established suburban area, who prioritize space and contemporary builds over maximizing lot size (the 5,978 sqft lot is typical for the street). It’s a strong fit for professionals or families seeking a home that outperforms area averages in terms of both square footage and perceived market value, offering a sense of relative luxury within the community. A thoughtful perspective is that while the home is elite in its immediate context, its city-wide lot size ranking is average, indicating the appeal is more about the home itself than an expansive outdoor space.
Frequently Asked Questions
1. How does this home’s value compare to what it last sold for?
It sold in September 2019 for between $550,000 and $600,000. The current $716k assessed value represents a significant increase, reflecting market appreciation and the premium for its newer construction.
2. Is the assessed value a reliable indicator of market price?
While not a direct market price, an assessed value in the top 1% of the neighborhood is a strong indicator of the home’s premium standing relative to nearby properties. It typically reflects factors like size, age, and condition that are key to market value.
3. What does the "Elite" ranking for year built mean?
Built in 2018, this home is newer than 99% of comparable homes in River Park South, where the average build year is 1990. This means major components like roofing, HVAC, and windows are relatively new, potentially reducing near-term maintenance costs.
4. How does the lot size compare?
At just under 6,000 sqft, the lot is typical for Tilstone Bay and above average for the neighborhood. However, it is around the city-wide average, indicating the property’s appeal is driven more by the home itself than by an unusually large yard.
5. Where can I find verified historical sale data?
The provided sold price is from public records. For a fully verified transaction history and exact sale figures, you must request a manual lookup from the site, as MLS data is not displayed here due to industry rules.