Property Overview: 139 Pentland Street, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on modern construction within an established neighborhood. Its key characteristic is its age: built in 2001, it is a generation newer than most homes on its street and in the wider River East area, ranking in the top 3% and 1% respectively. This suggests potentially lower maintenance costs and more contemporary building standards compared to neighboring properties.
The appeal lies in this relative newness combined with a strong value position on its specific street. While the living space (853 sq ft) is below area averages, the assessed value of $355k ranks above the street average. This indicates you may be paying for a newer, more efficient structure rather than sheer square footage. The lot size, while smaller than the neighborhood norm, is still above average for Pentland Street itself.
This property would suit a first-time buyer, downsizer, or pragmatic investor seeking a modern, low-maintenance home without paying a premium for a larger footprint. It’s for someone who prioritizes the condition and age of the building over spaciousness and who sees value in owning one of the newest homes in the immediate area.
Frequently Asked Questions
1. Is the living area too small?
At 853 sq ft, the home is notably more compact than the River East average. It’s best suited for individuals, couples, or small families who prioritize efficient use of space over expansive rooms.
2. Why is the assessed value above the street average if the house is smaller?
The assessment likely reflects the property’s significant advantage in year built. A home constructed in 2001 typically has modern systems, materials, and energy efficiency compared to the street's average home from 1983, which is factored into its value.
3. What does the sold price history from 2019 tell us?
The prior sale in the $250k-$300k range places it in the top 25% for the street at that time, confirming a history of strong value relative to immediate neighbors. This provides a benchmark for its appreciation.
4. How meaningful is the "elite" ranking for year built?
Extremely meaningful in this context. Being in the top 1% for age in River East means far less competition from similar-era homes and suggests a different risk profile for major system replacements (roof, furnace, windows) compared to the typical area home built in the 1970s.
5. Is the smaller lot a drawback?
This depends on lifestyle. The lot is below the neighborhood average but still a manageable size for upkeep. For buyers seeking minimal yard maintenance or a more efficient property footprint, this could be an advantage rather than a drawback.