Property Overview
5 Wakefield Bay presents a well-situated home in Winnipeg's Pulberry neighbourhood, offering a balanced proposition for specific buyers. Its appeal lies in its established character and relative value within its immediate surroundings.
Key Characteristics & Buyer Suitability
This 1,082 sqft bungalow was built in 1961 and sits on a 5,638 sqft lot. The data reveals a home that is competitively sized for its street, ranking above average among its 25 closest neighbours. Its assessed value of $350k is notably below the averages for both Wakefield Bay street ($377.8k) and the wider Pulberry neighbourhood ($422.7k), suggesting a potential value opportunity relative to nearby homes.
The property would suit a first-time buyer or a downsizer looking for an entry point into a stable, established area. Its below-average assessment for the locale could appeal to those mindful of property taxes. A thoughtful perspective is that while the home is older, it is actually one of the newer homes on its specific street, which may indicate well-maintained original builds in the area. The lot size, while smaller than the neighbourhood average, is close to the citywide norm, offering a manageable yard with less maintenance.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
Not necessarily. The assessed value is used for municipal tax purposes. This home's assessment is below its immediate area's average, which is noteworthy, but market conditions, the home's interior condition, and recent upgrades will ultimately determine the sale price.
2. How does the living space compare practically?
At 1,082 sqft, it is very close to the average for its street (1,087 sqft). This indicates the home's size is typical for Wakefield Bay, so you're getting a standard offering for that specific location, not an unusually small or large floor plan for the area.
3. The home was last sold in 2016. What does that suggest?
An 8+ year ownership period typically indicates a stable household, not a quick "flip." It may suggest deferred maintenance or period-specific updates, making a thorough home inspection particularly valuable.
4. The lot is smaller than the Pulberry average. Is that a major drawback?
This depends on your priorities. The lot is near the citywide average and offers a manageable outdoor space. For buyers seeking lower yard maintenance or who prioritize interior space and location over a large garden, this can be an advantage rather than a drawback.
5. How can I verify the past sale price and history?
The site notes that exact sale figures require a manual lookup due to industry data rules. You can request this information directly via email from the site provider to get verified historical data.