Property Overview: 50 River Road, Winnipeg
Key Characteristics & Buyer Appeal
This home is defined by its generous lot size and classic character. Built in 1922, it is notably older than most homes in the Pulberry neighborhood and on River Road, offering historic charm but implying a need for careful maintenance. Its primary appeal lies in its substantial, above-average land area (over 10,000 sq ft), which is significantly larger than typical city and neighborhood lots, providing exceptional outdoor space and potential.
The living space (1,712 sq ft) is comfortably above average for the area, offering more room than many modern counterparts. Interestingly, the home’s assessed value ($399k) sits around the average benchmark for its street, neighborhood, and city, suggesting the market price reflects a balance between its older age and its desirable lot size. This property would suit a buyer who values space and privacy over new construction—someone looking for a character home with room to garden, expand, or simply enjoy a larger yard, and who is prepared for the upkeep of a century-old structure.
Frequently Asked Questions
1. How does the age of the home affect its value and appeal?
While its 1922 construction places it among the oldest in the area, this can be a draw for buyers seeking character and established neighborhoods. However, it typically means potential for older systems (like plumbing or electrical) and a different style of layout compared to newer homes, which is factored into its assessed value.
2. The lot size is a standout feature. What does this practically mean for a buyer?
A lot of this size (in the top 8% for the neighborhood) offers rare privacy and space in a city setting. It allows for extensive gardening, recreational space, additions like a garage or workshop, or simply a larger buffer from neighbors.
3. The home last sold in late 2020. Why is the exact price shown as a range?
For privacy and data licensing reasons, precise sold prices require a manual lookup. The provided range (CA$350k–400k) and its percentile rankings indicate it sold around the average rate for comparable properties at that time.
4. The assessed value seems lower than the street average. Why is that?
The average assessed value on River Road is pulled higher by newer, larger, or more renovated homes. This home’s assessment reflects its older age and likely more modest finishes compared to those peers, while its value is bolstered by the large lot.
5. Where can I verify exact historical sale data and see more neighborhood details?
Full transaction history and exact sold prices are not displayed directly due to industry rules. You can request this information via email for a manual lookup. A detailed neighborhood analysis map is also available to compare this property with immediate neighbors on factors like year built and lot size.