Property Overview: 3 River Lane, Winnipeg
Key Characteristics & Appeal
This is a substantial, well-established property in Winnipeg's Pulberry neighborhood, defined by its significant size and premium positioning within the market. The home's primary appeal lies in its generous scale: with 3,764 sqft of living space, it ranks in the top 1% of homes both in its neighborhood and city-wide. This is complemented by an exceptionally large, private lot of over 17,000 sqft, placing it in the top 2% for land area locally. Built in 1971, the home is of a vintage consistent with its sought-after street, suggesting a mature setting with established landscaping.
The data indicates a property for buyers seeking space and privacy without moving to a remote location. It suits a family looking for ample indoor and outdoor room to grow, or perhaps someone valuing the potential of a large lot in a prime area. Its assessed value of $864k is elite for the neighborhood (top 1%), yet ranks slightly more moderately on its own street (top 7%), hinting that River Lane itself is an enclave of higher-value homes. The last known sale was between $750k-$800k in mid-2016. The appeal is less about being new and more about offering established, above-average proportions in a desirable location—a home for those prioritizing footprint and location over a modern build date.
Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it is exceptionally large. Its living area is more than double the Pulberry neighborhood average and its lot size is nearly 2.5 times the local norm, offering rare space for the area.
2. What does the assessed value ranking tell me?
While the $864k assessment is in the top 1% for Pulberry, it's in the top 7% on its own street. This suggests the property is highly valuable overall, but River Lane consists of similarly high-caliber homes, providing context for its premium.
3. The home was built in 1971. Should I be concerned?
The year is around average for the street. This typically means major systems and the structure itself may be due for updates or have been renovated over time. A thorough inspection is key, but the age is not unusual for this specific location.
4. Can I see the exact historical sale prices?
The site provides a sold price range (CA$750k–800k for July 2016) for quick reference. To receive verified, exact sale figures from a manual lookup, you can request them via email from the service at no cost.
5. Where can I get a clearer sense of the immediate neighborhood?
You can open the provided neighbourhood analysis map to see this property in direct geographic context with nearby homes, comparing lot size, year built, value, and living area visually.