Property Overview: 56 Pebblewood Lane, Heritage Park, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home, built in 1968, presents a straightforward and manageable opportunity in Winnipeg's Heritage Park neighbourhood. Its key appeal lies in its solid positioning as an average-sized home on a larger-than-average lot for its immediate street. With 1,040 sqft of living space and a renovated basement, it offers functional space for a small household. The lot size of nearly 5,500 sqft is a standout feature on Pebblewood Lane, offering valuable outdoor space and potential not found in many neighbouring properties.
The home suits first-time buyers, downsizers, or practical investors looking for an entry into a stable neighbourhood without the premium for a larger house. Its assessed value is modest compared to the wider city and area, suggesting a potentially accessible price point. A thoughtful perspective is that while the home itself is unassuming in size and value for the broader area, it offers a relative advantage on its own street with its newer build year and more generous lot—a detail that could matter for future appreciation or personal enjoyment. It’s a property for someone who values land and location over square footage, and who is comfortable with a home that is functionally average in many metrics but has specific, less obvious strengths.
Section 2: Frequently Asked Questions
1. How does this home really compare to others in the area?
The data shows it’s a home of contrasts. Its living space and assessed value are below the Heritage Park average, but it sits on a larger lot than most on its street and is slightly newer than many immediate neighbours. It’s an average city-wide home but sits on a better-than-average lot for its specific locale.
2. What does the sold price history indicate?
The home last sold in August 2017 for an estimated range of $22.5k to $25.5k. This historical price, significantly lower than the current assessed value of $30.7k, reflects market conditions of the time and previous assessment cycles. It is not a direct indicator of current market value.
3. Is the renovated basement a major feature?
The listing notes a renovated basement, which adds functional living space to the 1,040 sqft main floor. This is a practical update that enhances livability, but prospective buyers should verify the scope, quality, and permits of the renovation during a viewing and inspection.
4. Who would this property not suit?
It likely wouldn’t suit buyers seeking a large, modern interior space or those needing multiple bedrooms and bathrooms typical of a two-storey home. The lack of a garage and a pool, as noted, may also be drawbacks for some.
5. How can I find out the exact past sold prices?
The exact sold prices are not published publicly. As noted on the detail page, you can request this information by email from the source, which provides it manually without using your email for unsolicited marketing.