Property Overview
This home at 88 St Vital Road in Winnipeg's Pulberry neighborhood presents a specific value proposition. Built in 1944, it is an older, well-established property with a living area of 1,109 sqft, which is quite typical for its street and the wider city. Its key characteristic is a below-average assessed value of $282k, which is notably lower than averages for both the immediate street and the Pulberry area. The lot size is also more compact than most in the neighborhood. This creates a scenario where the home’s appeal lies in its affordability and potential entry-point into a mature area. It suits practical, value-conscious buyers—such as first-time homeowners or investors—who are comfortable with a vintage home and see opportunity in a price point that sits below its immediate surroundings. A less obvious perspective is that its "average" size paired with a "below-average" value could indicate a home ripe for modernization, allowing a buyer to add value in a community where newer homes are scarce.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
This is a key question. The assessed value is significantly below the Pulberry area average of ~$422k. This typically reflects the home’s older age (1944), its more compact lot size, and potentially its condition or features relative to other homes in the area used for comparison.
2. What should I know about a house built in 1944?
Prospective buyers should budget for and inspect systems common to homes of this era, such as the foundation, plumbing, electrical wiring, and insulation. While offering solid construction, it may require updates to meet modern efficiency and safety standards.
3. How does the lot size impact the property?
At 4,409 sqft, the lot is smaller than most in Pulberry. This means lower maintenance but also less private outdoor space and limited potential for expansions like a large addition or garage, compared to neighbors.
4. What does the last sold price tell us?
The home sold between $200k-$250k in early 2019. The current assessed value of $282k suggests market appreciation since that sale. Reviewing the exact sold prices of the listed comparable properties would be essential to understand current market value.
5. Where can I get verified sale history for this home?
The provided data is from public sources, not the MLS. For fully verified transaction history and exact sale figures, you must request a manual lookup via the site’s email service, as noted in the data disclaimer.