Property Overview: 88 St Michael Road, Winnipeg
Key Characteristics & Buyer Appeal
This home presents a distinct profile defined by contrast. Its primary characteristic is a very compact living space of 584 sqft, which ranks it significantly below average for the street, neighborhood, and city. Built in 1947, it is also notably older than most surrounding properties. These factors contribute to its assessed value being well below local averages.
The property’s clear appeal lies in its land. The lot size of over 9,200 sqft is substantially larger than typical lots in Pulberry and across Winnipeg, ranking in the top 20% on its street and top 8% city-wide. This creates a unique value proposition: a modest, vintage home on a generous, private parcel of land.
This home would best suit a specific type of buyer. It’s a potential opportunity for those looking to enter a mature neighborhood at a lower price point, with the land representing the primary asset. It could appeal to a hands-on buyer comfortable with an older home’s maintenance, someone seeking extensive outdoor space for gardens or pets, or an investor viewing the large lot as a long-term value play in a neighborhood of larger, more modern homes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value reflects the home’s very small size and older age compared to others on the street and in Pulberry. The value is primarily in the land, not the structure.
2. Is the large lot a practical benefit or just extra maintenance?
It offers both. It provides rare privacy and space in the city, but also means more yard work. The value is subjective: for some, it's a premium feature; for others, it's an unnecessary burden.
3. What would a realistic renovation or expansion potential be?
The significant lot size could provide space for an addition, subject to zoning. However, the cost of modernizing a 1947 home and potentially expanding it must be carefully weighed against the resulting value in this specific area.
4. How reliable are the sold price comparisons from 2021?
While providing a historical benchmark, a sale from 2021 may not reflect current market conditions. The price range shown is an estimate; for precise historical data, you must request it directly via the provided service.
5. Does ranking in the "Top 99%" for living area mean it's desirable?
No. In this context, a "Top 99%" rank for living area means it is smaller than 99% of comparable homes—it is nearly the smallest. The ranking system indicates percentile position, not a quality grade.