Property Overview
This home at 68 Tiverton Bay in Winnipeg's River Park South neighborhood presents a solid, middle-of-the-road offering. Built in 1986, it is one of the newer homes on its street. With 1,198 square feet of living space and a 5,117 square foot lot, its size is consistently around the average for its immediate area, city-wide, and neighborhood. Its assessed value of $396K is notably below the street average but aligns closely with the Winnipeg average, suggesting it may offer relative value within its own cul-de-sac or bay. The home last sold in April 2019 for between $300K and $350K.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance and established setting. It’s not an outlier in size or value, which can be attractive to buyers seeking a predictable, stable investment in a mature neighborhood. Its year of construction is a relative strength, ranking as the second-newest among 30 comparable homes on Tiverton Bay. This could imply fewer immediate concerns with aging infrastructure compared to older peers on the same street.
The home would suit first-time buyers or downsizers looking for a manageable footprint without the premium often attached to the newest or largest homes on a block. The data suggests a buyer here is acquiring a home that is fundamentally typical for Winnipeg, but with a potential value position on its specific street. It’s a pragmatic choice for someone prioritizing neighborhood character and lot location over sheer square footage.
Frequently Asked Questions
1. Is this home a good value compared to others on the street?
Based on assessed values, this home ranks 29th out of 30 (Top 97%), meaning its assessed value is lower than nearly all comparable homes on Tiverton Bay. This could indicate a relative value opportunity, but it’s essential to understand the reasons—such as lot size, condition, or specific features—through a viewing and professional inspection.
2. How does the living space compare to the area average?
At 1,198 sqft, the living area is close to the neighborhood average (1,410 sqft) and slightly below the average for its own street (1,444 sqft). It offers a moderately sized layout typical for the area, suitable for a small family or couple.
3. When was it last sold, and for how much?
The home was sold in April 2019. Publicly available data shows a sold price range of CA$300,000–$350,000. For verified, exact historical sale figures, a manual lookup via the listing service is required.
4. What is the lot size, and is it typical?
The lot is 5,117 sqft. This is around the average for the River Park South neighborhood but somewhat smaller than the average lot on Tiverton Bay itself (5,953 sqft).
5. The home was built in 1986. What does that mean for maintenance?
Being one of the newer homes on the street is a plus, as major components like roofing, windows, and heating systems may have been updated more recently than in older neighbors. However, a home of this age will likely have had several systems updated or due for updating; a thorough inspection is always recommended.