Property Overview: 119 St Michael Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 119 St Michael Road is a compact, 672 sqft bungalow built in 1955, situated on a 6,001 sqft lot in the Pulberry neighborhood. Its key characteristic is its notably smaller size and lower assessed value ($307k) compared to most homes on its street and in its immediate area, where averages are significantly higher. This creates a distinct value proposition.
The appeal lies in its accessibility. It represents a more affordable entry point into a well-established neighborhood where many homes are larger and more expensive. For the right buyer, this could mean lower property taxes, less maintenance, and a manageable space. The lot size is fairly typical for the city, offering decent outdoor space relative to the home's footprint.
This property would best suit a first-time homebuyer, a downsizer looking to simplify, or an investor seeking a rental property in a stable area. It’s a practical choice for those prioritizing location and budget over square footage, who see potential in a smaller, classic home. A less obvious perspective is that its consistent sale price growth over recent transactions suggests a resilient underlying value in the lot and location, even if the structure itself is modest.
Section 2: Frequently Asked Questions
1. Why is the assessed value lower than the neighborhood average?
The assessed value reflects the property's specific characteristics, primarily its smaller living area and older construction date compared to the larger, slightly newer homes typical in Pulberry. The value is more aligned with the Winnipeg citywide average.
2. What does the sold price history indicate?
The home has sold three times since 2016, with each sale price ranking higher among its peers over time. This trend suggests a growing recognition of its value or market conditions favoring such properties, despite its smaller size.
3. Is the lot size a positive feature?
Yes. While below the street average, the lot is around the average for both the neighborhood and the city. It provides a balanced outdoor space that is not overly burdensome to maintain but offers more potential than a typical infill lot.
4. How does this home compare to its immediate neighbors?
The provided comparisons show nearby homes on St Michael Road are generally larger (1,000-1,400 sqft), built in the 1960s, and have higher assessed values. This home is among the more compact and older properties on the block.
5. How can I get the exact sold prices?
The exact sold prices are not publicly displayed on this site due to data source restrictions. You can request the full transaction history and exact figures via email, and the team will provide them through a manual lookup.