Property Overview: 55 Tiverton Bay, Winnipeg

Key Characteristics & Appeal

This 1986 home in River Park South presents a balanced and above-average offering in several key metrics. With 1,645 sqft of living space, it sits comfortably above the averages for its neighborhood and the wider city. Its most standout feature is the 7,095 sqft lot, which is notably larger than most in the immediate area, offering generous outdoor space. The assessed value of $476k is above the city average, reflecting its size and positioning.

The appeal lies in its established, mature neighborhood setting combined with tangible space advantages. It’s a property that doesn’t necessarily lead in one flashy category but consistently performs well across the board—offering more interior room and significantly more land than typical comparables. This makes it a practical choice for buyers seeking room to grow, garden, or simply have more privacy than newer, denser subdivisions allow. It would suit a growing family or anyone who values a larger yard without moving to a rural area, and it appeals to buyers who prioritize a proven neighborhood from the 1980s over a brand-new build.

A less obvious perspective is that its "above average" rankings city-wide, while not in the top tier, suggest a resilient and stable value proposition. It’s a home that avoids the extremes, potentially offering a lower-risk entry into the market with room for personalization.

Frequently Asked Questions

1. How does the lot size compare to nearby homes?
The lot of 7,095 sqft is substantially larger than the neighborhood average of ~5,447 sqft, placing it in the top 12% of River Park South. On its own street, it ranks 6th largest out of 30 homes.

2. What was the recent sale history?
The property sold in April 2022 for a price between $450,000 and $500,000. For verified, exact sale figures, you can request a manual lookup via email on the property detail page.

3. Is the living space considered large for the area?
Yes. At 1,645 sqft, the living area is above the averages for both the River Park South neighborhood (1,410 sqft) and the city of Winnipeg (1,342 sqft).

4. How does its assessed value relate to its last sale price?
The current assessed value is $476,000. The 2022 sale price fell within the $450k-$500k range, indicating the assessment is aligned with its recent market transaction.

5. Are homes from 1986 common in this area?
Yes. The year built (1986) is typical for Tiverton Bay street and slightly older than the River Park South neighborhood average (1990), but newer than the Winnipeg city average for comparable homes (1966). It represents the common construction period for this mature suburb.