Property Overview: 19 Falconer Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 804 sqft bungalow, built in 1975, presents a specific and practical opportunity in Winnipeg’s Pulberry neighborhood. Its key characteristic is its compact size, which places it well below the average living area for its street, neighborhood, and city. However, this is balanced by a lot size that is closer to the city-wide average and an assessed value ($411k) that sits around the middle range for both Pulberry and Winnipeg overall.
The appeal lies in its efficiency and position as a potentially more accessible entry point into a mature neighborhood. It suits buyers seeking a lower-maintenance, single-level home without a large footprint, such as first-time buyers, downsizers, or investors. A thoughtful perspective is that while the home is the smallest on its block, its value assessment is competitive, suggesting the lot location and neighborhood desirability are significant contributing factors. It represents a chance to own in the area with a focus on land and location rather than square footage, possibly appealing to those who prioritize outdoor space or future expansion over a large existing interior.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $411k is a municipal calculation for tax purposes. While it provides a benchmark and sits around average for the area, the actual market price will be determined by current demand, condition, and recent sales of comparable homes.
2. The home is notably smaller than others on the street. Does this mean it’s overpriced?
Not necessarily. The assessed value is in line with wider area averages, indicating that factors like the desirable lot in a mature neighborhood, the home’s condition, and its efficient layout are likely factored in. It may offer value for buyers who don’t require excess space.
3. What can the 2018 sale price tell me?
The previous sale (listed between $300k-$350k) offers a historical baseline, showing significant appreciation. It confirms the area’s strong market growth over several years, but it does not dictate the current market value.
4. How does the lot size compare, and why does it matter?
At just over 6,000 sqft, the lot is slightly below average for the street but around average city-wide. It provides decent outdoor space for a home of this size and could be a key asset for gardening, recreation, or future renovations, adding flexibility that smaller interior homes often lack.
5. Where can I get verified, exact sold price data for comparable homes?
The site notes that, due to industry rules, exact MLS sold prices are not displayed publicly. You can request this specific historical data directly via email from the service, which will provide manually verified figures.