202 Barron Drive – Property Summary
Key Characteristics & Buyer Profile
This is a 1966-built home with 1,078 sq ft of living space on a 6,438 sq ft lot, assessed at $331,000. What stands out most is the land: the lot ranks third-largest on the street (top 6%) and well above average citywide. The year built is also notably early for the street, placing it in the top 6% locally. However, the living area is below both the street and neighborhood averages, and the assessed value reflects that—coming in below comparable homes on Barron Drive and in Westwood.
The appeal here is less about move-in-ready square footage and more about the combination of a generous lot and a home that’s among the older, more established properties on the street. That could appeal to buyers who see value in the land itself—perhaps someone looking to renovate, expand, or hold a property in a neighborhood where larger lots are uncommon. It may also suit buyers who want a smaller, more manageable floor plan but don’t want to compromise on outdoor space.
This property would likely suit:
- Buyers interested in a renovation or addition project on a good-sized lot.
- Those prioritizing land over finished living area.
- Buyers comfortable with a home that isn’t the most updated or largest on the block but offers room to grow.
Five Possible FAQs
1. How does the assessed value compare to other homes on the street?
It’s ranked 48th out of 54 homes on Barron Drive (top 89%), meaning it’s below average for the street. The street average is $357,600, so the assessed value is roughly $26,600 less.
2. What does “ranked top 23% citywide for land area” actually mean?
Out of nearly 200,000 comparable properties across Winnipeg, this lot is larger than about 77% of them. It’s a strong selling point, especially in a market where lot sizes are shrinking.
3. Is the living area too small for a family?
At 1,078 sq ft, it’s below the neighborhood average of 1,372 sq ft. It could work for a small family or a couple, but families expecting multiple bedrooms and a separate living/dining setup might find it tight. The lot size does offer potential for an addition.
4. Why is the year built a highlight here?
On Barron Drive, only two homes were built earlier. That gives this property a sense of established character and possibly better construction quality from that era. It’s not necessarily a plus for everyone, but for buyers who appreciate older homes, it’s worth noting.
5. Is the home overvalued or undervalued given the data?
That depends on perspective. The assessed value is below both street and neighborhood averages, which suggests it’s priced conservatively relative to nearby homes. But the smaller living area likely justifies that. If you’re valuing the land first, it may feel like a fair entry point.