Property Overview: 27 Tilstone Bay, Winnipeg

Key Characteristics & Appeal

This 1,449 sqft home, built in 2003, sits on a 5,291 sqft lot in the established River Park South neighborhood. Its primary appeal lies in its value positioning within a desirable area. With an assessed value of $499k, it sits significantly above the Winnipeg city average but notably below the average for its own street. This creates a unique proposition: you gain access to a well-regarded neighborhood and a street of generally larger, higher-value homes, without the typical entry price for that specific block.

The home is best suited for practical buyers who prioritize location and community over sheer size. It’s a sensible choice for first-time buyers looking to step into a mature neighborhood, or for downsizers seeking single-level living (assuming the layout is bungalow-style, which is common for the year and area). The 2003 build date offers a balance between modern construction standards and established landscaping, avoiding the premium of a brand-new home or the potential upkeep of an older one.

A less obvious perspective is the potential for relative value. Being one of the more modest homes on a street of larger properties can be advantageous for property taxes and maintenance costs, while still allowing you to benefit from the overall curb appeal and stability of the street. The data suggests you’re buying into a premium micro-location at a comparative discount, though this means the home itself offers less space than many of its immediate neighbors.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($499k) is for municipal tax purposes. The home last sold for an estimated $500k-$550k in late 2021. The current market value will depend on present conditions, updates made, and buyer demand. Notably, the assessed value is above area and city averages, but below the street average, which may influence buyer expectations.

2. How does the size of this home compare?
At 1,449 sqft, the living area is smaller than most homes on Tilstone Bay (where the average is 1,740 sqft). However, it is very close to the average for the wider River Park South neighborhood (1,410 sqft) and the city of Winnipeg (1,342 sqft). It offers a comfortably average-sized layout for the broader market.

3. What does the lot size mean for outdoor space?
The 5,291 sqft lot is below the street average but typical for the neighborhood. It provides a standard suburban yard—adequate for gardening, play, or entertaining, but not an exceptionally large or sprawling space.

4. The home was built in 2003. What should I consider about its age?
A 2003 build is relatively modern, meaning major components like the roof, windows, and HVAC system are likely original but could be nearing the end of their typical lifespans. A thorough inspection is recommended to anticipate any upcoming capital repairs, though the home should largely feature modern building codes and materials.

5. How can I verify the exact past sale price?
The site provides sold price ranges based on public data. For fully verified and exact historical sale figures, you must request a manual lookup via email, as this information is not sourced from the MLS system available to real estate professionals.