Property Overview
This one-storey home on a generous 5,000 sqft lot in Pulberry presents a straightforward opportunity. Built in 1945, its key characteristic is a modest 700 sqft living area, which ranks surprisingly high compared to many Winnipeg homes. It features a basement (unrenovated) and a detached garage. The assessed value is consistent with the area.
The appeal lies in its potential. The large lot is a significant asset, offering space for gardening, expansion, or future development. It suits a first-time buyer, an investor, or a downsizer looking for a manageable footprint with the flexibility a large lot provides. Its value is grounded in the land and location rather than the current structure, making it a practical project for someone willing to invest sweat equity or gradual updates. A less obvious perspective is its appeal to those seeking a lower annual property tax burden, given the assessed value.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 9% in same street") actually mean?
It compares this specific property metric (like living area) against all listed properties on the same street, in the neighbourhood, and across Winnipeg. A high rank means it scores well in that specific category compared to peers.
2. The house is small, but the lot is large. What are my options?
The large lot is the key feature. It allows for traditional landscaping, adding a deck or shed, or even a future addition (subject to zoning and permits). It provides a sense of space and privacy that is uncommon with smaller lots.
3. The basement is noted as "not renovated." What should I expect?
This typically indicates an original or dated condition, likely suited for storage and utilities. It presents both a blank canvas and a potential future project for finishing, but any plans should account for necessary updates to moisture control, insulation, and egress.
4. How do the nearby "for reference" properties help me?
They provide context on the local market. You can see what similar assessed values, or larger homes in adjacent neighbourhoods, translate to in terms of size, age, and price. This helps gauge the relative value proposition of this property.
5. Who might this property not be suitable for?
It may not suit a buyer seeking a move-in-ready home or modern, open-concept layouts without significant renovation. It's also likely too small for a growing family that needs immediate multiple bedrooms and defined living spaces.