Property Overview: 58 Pembridge Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 1972 bungalow in Meadowood presents a solid, value-oriented opportunity. Its primary appeal lies in its generous 6,048 sqft lot, which is notably larger than most in the immediate area and across the city, offering above-average outdoor space for gardening, play, or expansion. With 1,040 sqft of living area, the home itself is efficiently sized, ranking highly for space among its direct neighbours on Pembridge Bay.
The assessed value is consistent with area norms, suggesting a fairly priced entry point into the market. A key perspective is that this home represents a classic "good bones" property: it’s not the newest on the block, but it sits on a desirable lot in an established neighbourhood. It last sold between $400k-$450k in 2022, indicating a history of market interest.
This property would best suit practical buyers looking for a manageable footprint on a larger-than-average lot, whether they are first-time homeowners, downsizers, or investors seeking a land-value play with a rentable existing structure. It’s for those who see potential in the land and a solid foundation, rather than a move-in-ready showcase.
Section 2: Frequently Asked Questions
1. How does the lot size compare practically?
The lot is over 6,000 sqft, placing it in the top 15-30% of lots locally. This means more private yard space than many nearby properties, which is a significant, less replaceable asset.
2. The home was built in 1972. What should I consider?
As a home from the early 1970s, prospective buyers should budget for updates to major systems like roofing, plumbing, and electrical, which may be nearing the end of their service life. A thorough inspection is essential.
3. Is the assessed value a good indicator of the listing price?
Not directly. The assessed value (approximately $38k) is for municipal tax purposes. The market price is determined by recent sales, like the 2022 sale in the $400k-$450k range, and current conditions. Always rely on a comparative market analysis.
4. The living area is efficient. Is it expandable?
The above-average lot size is a major asset here. It provides a clear opportunity for a future addition or expansion, subject to local zoning and permit regulations, which is a key value-add potential.
5. How can I get the exact historical sold price?
The site provides sold price ranges from public data. For the precise sale price, you must request it via email from the service. They state this is done manually with a same-day turnaround and no marketing spam.