Property Overview & Key Characteristics
This 1960s one-storey home in Pulberry offers a practical layout with 1,143 sqft of living space on a spacious 6,438 sqft lot. Its key updated feature is a renovated basement, adding valuable finished space. The home includes a detached garage. Its appeal lies in its established neighbourhood setting and the potential offered by the large lot and recent basement renovation. The property presents a solid value proposition, with its assessed value and living area consistently ranking in the middle to upper tiers compared to nearby homes.
This property would suit first-time buyers or downsizers looking for a manageable single-level layout in a mature area. It’s also a sensible fit for a value-conscious buyer who appreciates having the major renovation work on the basement already completed, providing a turnkey lower level. The lot size is a notable asset, offering ample outdoor space that is less common in newer subdivisions, appealing to those with gardening interests or future expansion plans.
Frequently Asked Questions
How does the property’s age affect maintenance?
Built in 1960, the home is of an age where core systems (like plumbing, electrical, or the roof) may be at or beyond their typical lifespan. A thorough inspection is advised to budget for potential updates, though the renovated basement suggests some modernization has begun.
What is the significance of the lot size?
At over 6,400 sqft, the lot is larger than many in the area (ranking in the top 64% on its street). This provides generous private outdoor space and is a long-term asset, often offering more flexibility than newer properties.
How does the assessed value relate to the likely selling price?
The assessed value of $38,800 is for municipal tax purposes and is typically significantly lower than market value. It’s a useful tool for comparing relative value against similar homes, but not a direct indicator of sale price.
What can the nearby "for reference" properties tell me?
The listed comparable properties show that this home’s assessed value and size are very typical for Pulberry. It sits comfortably among similar homes, suggesting a stable, established value range in the neighbourhood.
What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise or fumes from entering the house. However, it may be less convenient during Winnipeg winters compared to an attached garage, a trade-off common in homes of this era.