Property Overview: 20 St Michael Road, Winnipeg
Key Characteristics & Buyer Appeal
This 1,301 sqft home, built in 1975, presents a practical opportunity in Winnipeg's Pulberry neighborhood. Its primary appeal lies in its value positioning. The living space is notably above average for its street and the home is newer than most in the immediate area. However, its assessed value of $330k sits below both street and neighborhood averages, suggesting a potentially lower entry point. This creates an interesting dynamic: you get a relatively modern and spacious home (for its context) at a value price.
The trade-off is the land. The lot size of 3,780 sqft is significantly smaller than typical for the street and area, meaning less outdoor space but also less maintenance. This combination suits first-time buyers or downsizers seeking a manageable property without sacrificing interior space. It’s a home that prioritizes the house itself over the yard. A thoughtful perspective is that its below-average value on a street of higher-valued homes could indicate room for equity growth, especially if the interior has been well-maintained or updated.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $330k is for municipal tax purposes. Market conditions, the home's interior condition, and recent upgrades will determine the final sale price. Notably, it is below the average for the street ($384k) and neighborhood ($423k).
2. How does the small lot size impact living here?
It means minimal yard maintenance, which is a benefit for those seeking a low-upkeep lifestyle. The downside is limited private outdoor space for gardening, play, or entertaining. It’s important to view the property in person to see how the lot is configured.
3. The home sold in early 2019. Where can I find the exact sale price?
The site provides a price range from that sale. To obtain the exact historical sold price and full transaction history, you must request it directly via email from the service, as they manually look up this data outside of the MLS system.
4. The home is newer than most on the street. What are the implications?
A 1975 build is more recent than the street average (1965), which can be positive. It may mean fewer issues with outdated building materials or older systems, but a specific inspection is still essential to determine the actual condition of the roof, wiring, plumbing, and windows.
5. How does this property truly compare to its neighbors?
The data shows a clear profile: you get a newer, above-average-sized home on a much smaller lot, with a below-average tax assessment compared to the immediate area. It stands out as a space-efficient option rather than a land-centric one.