Property Overview: 828 St Mary's Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a compact, character bungalow built in 1927, situated on a standard-sized lot in the established Norberry neighbourhood. Its primary appeal lies in being an accessible entry point into the Winnipeg market, with an assessed value significantly below the average for its own street and the wider city. The 808 sqft living area is modest, indicating a home suited for efficient living or with potential for expansion.
The property suits first-time buyers or practical investors seeking lower upfront costs. Its value proposition is nuanced: while the home itself is smaller and older than many in the area, this results in a proportionally lower property tax burden. A thoughtful perspective is its location on a major artery like St. Mary's Road, which offers convenience for commuters but may involve more traffic noise than a quiet side street. The data suggests it's not a move-in-ready showcase but a solid foundation—ideal for a buyer comfortable with a home that has history and sees potential in its lot location and affordability over immediate size or modern finishes.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $269k is for municipal tax purposes. Market value is determined by what a buyer is willing to pay in the current market, which can be higher or lower.
2. The home is smaller than average. What does this mean practically?
The 808 sqft layout will require efficient use of space. It's well-suited for individuals, couples, or small families. It may also present an opportunity to add value through a thoughtful renovation or addition, subject to local bylaws.
3. How does the 1927 build year affect the property?
Homes of this age often possess charming character but require diligent maintenance. Buyers should prioritize a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation, and budget for potential updates.
4. The last sold price is listed in a range. How can I get the exact figure?
The exact sale history and price are not publicly displayed online due to industry rules. You can request this information directly via the email option provided on the listing page for verified figures.
5. How does the lot size compare, and what are the implications?
At 5,717 sqft, the lot is fairly typical for the area. It provides adequate outdoor space for gardening or recreation. Notably, the lot size is not the constraint—it's the size of the existing home. This balance could be attractive for future expansion, again, where permitted.