Property Overview: 7 Tyrone Bay, Winnipeg
Key Characteristics & Buyer Profile
This home at 7 Tyrone Bay in the Pulberry neighborhood is defined by its compact efficiency and well-situated lot. Built in 1975, it is newer than most homes on its street and in the broader area. The 804 sqft living space is notably below average for the street, neighborhood, and city, positioning it as a cozy, low-maintenance footprint. Its appeal lies in its substantial 6,153 sqft lot, which is above average city-wide, offering valuable outdoor space and potential relative to the home's size. With an assessed value of $386k, it sits around the city average but is the most modestly assessed property on Tyrone Bay.
This property would suit first-time buyers, downsizers, or investors seeking an entry point into a stable neighborhood without a large interior to maintain. The appealing lot-to-house ratio could attract those who prioritize garden space, outdoor living, or future expansion potential over square footage. It represents a practical choice for budget-conscious buyers who value land over a large interior in their immediate purchase.
Frequently Asked Questions
1. Is the house too small?
At 804 sqft, the living area is significantly smaller than typical homes in the area. It requires efficient use of space and suits a lifestyle that favors minimalism or utilizes the large yard as an extended living area.
2. How does the assessed value compare to recent sales?
The home sold between $350k-$400k in July 2023. Its current $386k assessment aligns closely with that sale, suggesting stable value in line with the citywide average.
3. What is the neighborhood like for a home of this size?
The Pulberry neighborhood features homes with a wide range of sizes. While this home is smaller than 96% of area peers, its assessed value is near the neighborhood median, indicating the lot and location hold appreciable value.
4. Is there potential for expansion or renovation?
The above-average city-wide lot size provides a tangible asset. Any expansion would need to consider the home's current below-average footprint relative to the street, but the lot offers a clear opportunity for additions or landscaping.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges. For fully verified, exact figures from the transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.