Property Overview: 194 Pentland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,084 sqft home, built in 1975, presents a practical entry point into Winnipeg’s River East neighborhood. Its key appeal lies in its relative affordability, underscored by an assessed value significantly below area averages. While the living space is modest and typical for the immediate street, the lot size is smaller than most in the wider community. This positions the property not as a standout in terms of size, but as a value-conscious option in a established area.
The home would suit first-time buyers or investors seeking a lower-priced foothold in a stable neighborhood. Its below-average assessment compared to nearby homes suggests potential for value appreciation through updates, making it a candidate for buyers comfortable with gradual improvement. A less obvious perspective is that its average metrics on its own street indicate it fits right into the local streetscape, offering a sense of consistency rather than standing out as an outlier, which can be appealing for those seeking a home in a uniform, developed area.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value of approximately $248k ranks in the bottom 15% for the immediate street and bottom 2% for River East. This typically reflects the home’s smaller lot and living area compared to many area properties, and may also relate to its condition, original features, or specific market factors at the time of assessment.
2. How does the living space compare to nearby homes?
At 1,084 sqft, the living area is very close to the average for Pentland Street itself. However, it is below the broader River East and citywide averages, indicating a more compact layout than many single-family homes in the region.
3. What is the history of sold prices for this property?
Public records indicate it last sold between $200k-$250k in September 2016. To obtain fully verified, exact historical sold prices, you must request a manual lookup via email from the site provider, as this data is not sourced from the MLS.
4. Is the lot size a significant consideration?
The lot of 2,998 sqft is about average for Pentland Street but is considerably smaller than the typical lot in both River East and Winnipeg overall. This means less yard space but potentially lower maintenance.
5. How does the year built affect this home?
Built in 1975, the home is of a similar vintage to many in the city and neighborhood. Buyers should anticipate maintenance and potential updates consistent with a home of this age, such as roofing, windows, or mechanical systems.