Property Overview: 63 Tilstone Bay, Winnipeg
Key Characteristics & Appeal
This 1,656 sqft home at 63 Tilstone Bay in River Park South is a modern property, built in 2020, that stands out for its above-average investment in a well-established neighborhood. Its appeal lies in its combination of new construction benefits—like contemporary building standards and minimal immediate maintenance—within a mature community setting. The home’s assessed value of $675k is notably high, ranking in the top 2% of River Park South and the top 5% city-wide, signaling a premium, well-appointed property relative to its surroundings.
The home would suit buyers looking for a move-in ready, modern build without venturing into a brand-new subdivision. It’s particularly fitting for those who value a newer home’s efficiencies and finishes but also appreciate the developed landscapes and settled feel of an older neighborhood like River Park South. A thoughtful perspective is that while the lot size is average for the area, the premium valuation suggests the value is in the structure itself, making it ideal for buyers who prioritize interior space and modern amenities over extensive outdoor space.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
With an assessed value of $675k, this home ranks 7th highest out of 33 on Tilstone Bay, placing it well above the street average of approximately $584k. This indicates it is one of the more substantial and likely upgraded properties on the block.
2. Is the price fair for a 2020 build in this area?
The data suggests a premium. While it’s among the newest homes in the entire neighborhood (top 1%), its assessed value is in an even higher percentile (top 2%). This typically reflects above-standard finishes, layout, or amenities for the area.
3. What are the property taxes likely to be?
Property taxes are calculated using the assessed value and the city’s mill rate. With an assessed value of $675k, which is significantly above the neighborhood and city averages, prospective buyers should budget for property taxes that are correspondingly higher than those for a typical Winnipeg home.
4. How does the living space compare to nearby homes?
At 1,656 sqft, the living area is above average for both the River Park South neighborhood and the city overall, though it is slightly below the average for Tilstone Bay street itself. This means you get more space than most Winnipeg homes, but it may be similar to or slightly smaller than some immediate neighbors.
5. Where can I get verified historical sale price data?
The listing notes that exact sold prices are not displayed due to industry rules. You must request this information directly via email from the site provider for a manual lookup. Public data shows it last sold in August 2020 for between $500k and $550k.