Property Overview: 7 Weaver Bay, Winnipeg
Key Characteristics & Appeal
This home at 7 Weaver Bay in the Pulberry neighborhood presents a distinct profile defined by its contrasts. Built in 1960, it is a compact, 1,003 sqft bungalow situated on a roughly average-sized lot for the street. Its primary characteristic is the clear divergence between its living space and its assessed value. The home's living area is notably below average for its street, neighborhood, and the wider city. However, its current assessed value of $401,000 ranks above average on its own street and sits around the citywide benchmark. This suggests the value is driven more by its desirable location on Weaver Bay and lot potential than by the size of the existing structure.
The appeal lies in this very potential. It suits a buyer looking for a solid footing in a well-regarded pocket of Pulberry, who may view the smaller home as a canvas for future expansion or modernization. It’s also a practical fit for downsizers or first-time buyers seeking lower maintenance without sacrificing location quality. A thoughtful perspective is that this property represents an entry point into a street where values are strong, offering the chance to build equity through strategic updates. It may not suit those seeking immediate, move-in-ready spaciousness, but is ideal for those with a vision to enhance a property in a prime spot.
Frequently Asked Questions
1. Why is the assessed value relatively high when the house is smaller than average?
The assessed value reflects more than just living area. It accounts for the property's location on Weaver Bay, its land value, and the overall market values on its specific street, which are strong. The value suggests confidence in the lot and location, even if the existing home is modest in size.
2. How does the sold price from 2021 relate to today’s assessed value?
The home sold for between $350,000 and $400,000 in March 2021. The current $401,000 assessment indicates a stable or slightly appreciating market value for the property since that last sale, aligning with broader market trends.
3. What does the "Below Average" ranking for year built mean?
With a build year of 1960, this home is slightly older than many comparable homes in Pulberry and on its street. This typically indicates a classic bungalow layout that may require updates to systems like plumbing, electrical, or windows, but also comes with the established charm and larger lot sizes often found in older neighborhoods.
4. Are the sold prices and comparisons on this page exact?
The sold price is shown as a range. For precise historical sale figures, you must request a manual lookup via email, as the site does not display MLS data directly. The comparable properties listed are for general reference based on assessed value and location.
5. What is the immediate neighborhood like?
The listing shows several nearby and similar properties on Weaver Bay, Crofton Bay, and Parkville Drive, all within the Pulberry neighborhood. This indicates a consistent, established residential area with homes from similar eras, providing a clear sense of the community character and property types.