Property Overview: 247 St Michael Road, Winnipeg
Key Characteristics & Appeal
This 803 sqft bungalow, built in 1972, presents a specific and compelling value proposition in Winnipeg’s Pulberry neighborhood. Its primary characteristic is a clear trade-off: the living space is notably compact, ranking below average for the street, area, and city. However, this is balanced by a strong assessed value of $412k, which sits above the street average and aligns with city-wide norms. The lot size of 6,599 sqft is a standout feature, offering above-average outdoor space for the city and neighborhood, which is a significant asset not reflected in the square footage of the home itself.
The appeal lies in its efficiency and land value. It suits a specific buyer: someone seeking an entry point into a stable neighborhood without a large footprint, such as a first-time buyer, downsizer, or investor. It’s a practical choice for those who prioritize a manageable interior, lower utility costs, and the potential of a generous yard over expansive indoor living areas. A less obvious perspective is that its "below average" size against newer, larger homes could represent a lower future tax assessment basis and a more sustainable utility footprint, appealing to cost-conscious and environmentally mindful owners.
Frequently Asked Questions
1. Is the house too small?
The living area is compact at 803 sqft, which is below the local averages. It will suit those looking for a cozy, low-maintenance interior but may feel cramped for those needing multiple dedicated rooms or extensive space.
2. Why is the assessed value relatively high for the size?
The assessed value reflects more than just interior square footage. It likely accounts for the desirable lot size, the home’s condition, its location on the street, and broader market trends in Pulberry. The value is supported by being above the street average.
3. How does the lot size compare?
The lot is a key feature. At 6,599 sqft, it is larger than the average Winnipeg lot and above average for the Pulberry neighborhood, offering valuable outdoor space for gardening, recreation, or future expansion.
4. What can recent sales tell me?
A comparable home on the same street sold for between $350k-$400k in mid-2021. Market conditions have changed since then, but this provides a historical benchmark. For precise, verified sales history, you can request exact figures via email from the site.
5. Is the house older than others nearby?
Built in 1972, it is actually newer than many homes on its street and in the immediate Pulberry area, where the average build year is around 1965-1966. This suggests it may have updates or construction methods from a slightly more modern era.