Property Overview: 37 River Road, Winnipeg
Key Characteristics & Appeal
This 1,141 sqft home, built in 1943, presents a distinct value proposition within the Pulberry neighborhood. Its primary appeal lies in a generous 8,610 sqft lot, which is significantly larger than both neighborhood and city averages, offering ample outdoor space and potential. However, the home itself is more modest, with a living area and assessed value that are below average for its immediate street, where homes tend to be larger and newer. This creates a unique profile: a property with land size in the top 9% city-wide, paired with a house that may require updating.
It would best suit a practical buyer who prioritizes land over a turnkey living space. This could be a hands-on individual looking for a renovation project with a great yard, an investor seeing long-term value in the sizable lot, or a buyer seeking entry into a street where most properties are valued significantly higher, using the lower assessment as a potential opportunity.
Frequently Asked Questions
1. Why is the assessed value so much lower than other homes on the street?
The assessment reflects the property’s older age (1943 vs. a street average of 1969) and smaller living area compared to its neighbors. The value is driven more by the land size and location than by the current state or size of the dwelling.
2. How reliable is the last sold price shown from 2017?
The provided price range is based on public data, not the MLS, and is presented as a band. For fully verified and exact historical transaction figures, you must request a manual lookup via email, as industry rules prevent displaying MLS records directly on the site.
3. Does the large lot size mean subdivision or development is possible?
While the lot is notably large, any subdivision or development would be subject to the City of Winnipeg’s zoning bylaws and regulations. The possibility is not guaranteed by size alone and requires independent verification.
4. Is the home’s below-average size for the street a disadvantage?
It depends on your priorities. It results in a lower assessment and price point for the location, but means interior space is more compact than neighboring homes. It’s a trade-off between land and living area.
5. How does this property rank for value in the broader context?
City-wide, its assessed value is around average. Its value ranking is strongest when considering the lot size, which is well above average. On its own street and in Pulberry, it ranks in the bottom 10% for value, highlighting its position as a more affordable option in those specific areas.