Property Overview: 51 Triton Bay, Winnipeg
Key Characteristics & Appeal
This home at 51 Triton Bay in the Pulberry neighborhood presents a compelling mix of space and value. Its primary strength is its generous living area of 1,708 sqft, which ranks well above average for its street, neighborhood, and the city of Winnipeg. This suggests a home that offers more interior room than many of its peers. Built in 1961, it is typical for its established area. The assessed value of $370,000 sits below the local averages for Triton Bay and Pulberry, yet aligns closely with the Winnipeg average, indicating a potentially attractive entry point into a neighborhood where many homes are assessed higher.
The appeal lies in this value-for-space proposition. Buyers get a larger-than-average home on a standard lot, at an assessed value that is competitive, especially when compared to immediate neighbors. It would suit practical buyers looking for room to grow without a premium price tag, or those seeking a solid, established home in a mature neighborhood. A thoughtful perspective is that while the home's value is currently positioned below its immediate area, its above-average size could provide a foundation for value growth through updates, making it interesting for buyers with a medium-term vision.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value is used for calculating property taxes and is an administrative benchmark. The market value (what a buyer might pay) is determined by current market conditions, the home's specific state, and recent sale prices of comparable properties.
2. How does the home's size compare to nearby properties?
Very favorably. At 1,708 sqft, the living area is larger than approximately 84% of similar homes in Pulberry and 79% across Winnipeg, making it a notably spacious home for its type.
3. What does the sold price history from 2017 tell us?
The home sold for between $300,000 and $350,000 in late 2017. This historical data provides a benchmark, but the current market value will be influenced by factors like changes in the market, any updates made to the home since then, and recent sales of similar properties.
4. Why is the assessed value below the street and neighborhood averages?
This can be due to a variety of factors, including the specific condition of the home, its exact layout and features, or the timing of the assessment relative to renovations. It indicates that, for tax purposes, this property is valued lower than many around it, which may translate to relatively lower property taxes.
5. How can I get the exact historical sold prices?
The site provides sold price ranges publicly. To obtain the exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.