Property Overview: 3 Pembridge Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,040 sqft bungalow, built in 1973, sits on a generous 6,077 sqft lot in Meadowood. Its primary appeal lies in its strong positioning within its immediate neighbourhood. The home is notably above average for Pembridge Bay itself, ranking in the top 7% for living area and the top 13% for lot size. It is the newest home on its street, a rare find that suggests potentially fewer major age-related issues compared to neighbours.
The property offers a balanced proposition: a manageable-sized home on a larger-than-average lot for the area, providing space and privacy. The assessed value is stable and consistent with the broader Meadowood community. This combination suits practical buyers looking for a solid, no-surprises foundation in a mature neighbourhood. It would appeal to first-time homeowners, downsizers seeking single-level living, or investors looking for a well-located rental property with a good lot. A thoughtful perspective is that while the home is average in size for the wider city, its superior ranking on its own street indicates a desirable and potentially quieter location within the community.
Section 2: Frequently Asked Questions
1. How does this home compare to others on the street?
It stands out positively. It has a larger living area than 93% of homes on Pembridge Bay and a larger lot than 87% of them. Crucially, it was built in 1973, making it the newest house on the street.
2. What does the sold price history indicate?
Public records show it last sold between $250,000 and $300,000 in 2016. This historical data can provide context, but for the exact sale price, you must request the information directly from the listing service via email.
3. Is the assessed value a good indicator of the market price?
The assessed value of $385,000 is for municipal tax purposes. It is a data point that shows the home is valued above average for its street but is generally in line with the Meadowood area. Market price is determined by current conditions and can be higher or lower.
4. What are the potential considerations with a 1973 home?
While being the newest on the street is a advantage, a 53-year-old home will still require due diligence. Key systems like roofing, plumbing, electrical, and the furnace should be inspected, as some may be original or nearing the end of their service life.
5. What opportunities does the lot size present?
At over 6,000 sqft, the lot is significantly larger than many in Meadowood. This not only provides more yard space but also future potential for expansions like a garage, a larger deck, or garden features, subject to local zoning bylaws.