Property Overview: 27 River Road, Winnipeg
Key Characteristics & Appeal
This home at 27 River Road in Pulberry presents a distinct profile defined by its contrasts. Built in 1922, it is a century-old property on a street and in a neighborhood where most homes are decades newer. This vintage character is a key consideration, potentially offering classic architectural charm but also implying a different maintenance reality compared to modern builds.
Its primary appeal lies in its space and value positioning. The 1,661 sqft living area is above average for both the Pulberry neighborhood and Winnipeg overall, providing more interior room than many comparable homes. Coupled with a 6,709 sqft lot that is also above the city average, it offers generous space. The most compelling figure is the assessed value of $349k, which is notably below average for its immediate street and neighborhood, yet aligns closely with the Winnipeg-wide average. This suggests a potential value opportunity for a buyer willing to invest in an older home in a well-established area.
This property would best suit a pragmatic buyer or investor who values space and lot size over modern construction, and who sees potential in a well-located, character home. It’s a fit for someone comfortable with the upkeep of a 104-year-old structure and who interprets its below-average assessment for the area not as a drawback, but as a more accessible entry point into the neighborhood.
Frequently Asked Questions
1. Why is the assessed value so much lower than the street and neighborhood averages?
The primary reason is likely the home’s age. At 104 years old, it is among the oldest on the block, and assessed values account for depreciation and the potential cost of updating older systems, which can offset the value of its larger lot and living area.
2. Does "below average" year built mean there will be problems?
Not necessarily, but it sets expectations. A home from 1922 may have undergone thoughtful updates or may require more attention to foundational elements, wiring, plumbing, and insulation compared to a newer build. A thorough inspection is essential.
3. The home last sold in 2016 for between $200k-$250k. Is the current $349k assessment accurate?
Market conditions have changed significantly since 2016. The current assessment aligns with the city-wide average and should be verified by reviewing recent sales of similar vintage homes in the broader area, not just newer ones on River Road.
4. How meaningful is the "above average" living and land area ranking?
It’s a significant advantage. It means you get more interior space and a larger yard than most homes across Winnipeg and in Pulberry. For the price, you are acquiring more physical space, which is a fixed asset.
5. How can I get the exact sold price history for this home?
The site notes that due to industry rules, exact MLS sold records are not displayed. You must request this information directly from them via email for a manual lookup. Public records show the 2016 sale in a broad price band.