Property Overview: 26 Pear Tree Bay, River Park South, Winnipeg

Section 1: Key Characteristics & Appeal

This 1983-built home in River Park South presents a practical and competitively positioned entry into the Winnipeg market. With 1,040 sqft of living space, it sits comfortably around the city-wide average, offering a manageable footprint for individuals, couples, or small families. Its primary appeal lies in its value proposition within a stable neighborhood. The home’s assessed value of $328k is notably below the averages for both its immediate street and the wider River Park South area, suggesting a potentially lower property tax burden and an attractive price point relative to its peers.

The lot size of 3,811 sqft is smaller than many in the city and neighborhood, which translates to less yard maintenance—a plus for those seeking a low-maintenance lifestyle. A thoughtful perspective is that this home is one of the older properties on its specific street (ranked #3 out of 51 for year built), which can sometimes indicate a more established, mature streetscape. This property would suit first-time buyers, downsizers, or value-focused investors looking for a solid, no-frills home in a convenient suburban location without paying a premium for above-average square footage or lot size.

Section 2: Frequently Asked Questions

1. How does the sold price compare to the assessed value?
The home sold between $300k-$350k in April 2024. This range is below the $328k assessed value, which is not uncommon as assessed values for taxation don't always align directly with market sale prices. This recent sale provides a concrete, contemporary benchmark.

2. Is the living space significantly smaller than other homes nearby?
At 1,040 sqft, it's slightly below the neighborhood average but is very close to the average for Pear Tree Bay itself. It’s a compact layout, more in line with the typical size found on its specific street than the larger homes found elsewhere in River Park South.

3. What does the "below average" assessed value ranking mean for me?
Ranking in the top 92-94% (i.e., being less valuable than 92-94% of comparable homes) on the street and in the neighborhood is generally positive for property taxes, as they are based on assessed value. It indicates you may pay less than your neighbors, though it also reflects the home’s more modest scale and valuation.

4. How does the lot size impact the property?
The lot is smaller than most in the area. This limits expansive outdoor space but reduces maintenance time and cost. It’s a trade-off that favors simplicity over gardening or large recreational yards.

5. Where can I get the exact sold price?
Due to industry regulations, exact sold prices from the MLS are not published here. The site offers to provide the exact figure via a manual email lookup upon request, typically by the end of the same business day.