Property Overview: 198 Pentland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical entry point into Winnipeg's River East neighborhood. Built in 1975, its 963 sqft living area and $282k assessed value are notably below averages for both the area and the wider city, indicating a more compact and affordable option. The lot size is also smaller than most in the neighborhood. Its primary appeal lies in this relative affordability within an established community, offering a chance for equity building without the premium price tag of larger homes nearby.
The property would suit first-time buyers or downsizers seeking a lower-maintenance footprint and a manageable financial entry into homeownership. A thoughtful perspective is that while the home ranks below area averages in size and value, it is actually around average for its specific street. This suggests it fits the local streetscape well and may not feel out of place. The data shows a history of steady value, having sold in 2017 and again in 2021, indicating a tradable property in its market segment.
Section 2: Frequently Asked Questions
1. Is this a good value for the neighborhood?
Based on assessed value, this home ranks in the more affordable tier (top 92%) for River East. You are paying significantly less than the neighborhood average, which may allow for budget room for updates, but you are also getting less square footage and land than typical for the area.
2. How does it compare to other homes on Pentland Street?
On its own street, this home is much more "average." Its living area, year built, and assessed value are all around the mid-point compared to its 34 direct neighbors, meaning it is representative of this particular block.
3. What can the past sale prices tell me?
The home sold in 2021 and 2017. The data shows the 2021 sale price was in a higher percentile ranking city-wide than the 2017 sale, suggesting a possible strengthening of its market position or value-add between those sales. Exact figures require a manual lookup from the provider.
4. Is the smaller lot size a major concern?
The lot is smaller than most in River East, which means less outdoor maintenance. However, it is closer to the average for the immediate street. Consider if a smaller yard meets your needs, as it can be a benefit for those seeking low upkeep.
5. How do I find out the exact historical sale prices?
The site notes that due to industry rules, exact MLS sale prices are not displayed publicly. You must request the exact figures via email from the service provider, who will manually look them up and send them to you.