7 Pembridge Bay

Property Overview: 7 Pembridge Bay, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 7 Pembridge Bay is a practical and modestly-sized property in the Meadowood neighbourhood. Built in 1972, it offers 988 square feet of living space on a roughly 5,600 square foot lot. Its primary appeal lies in its position as a solid, entry-level home in a stable area. The data suggests it is very typically sized for its immediate street and neighbourhood, making it a known quantity without surprises.

The property would suit first-time buyers or investors seeking an affordable, no-frills home. Its assessed value is notably lower than most on its own street, which could indicate a potential value opportunity for a buyer willing to undertake updates, or simply a lower entry point into the area. A thoughtful perspective is that while the home's size is below the city average, its lot size is quite competitive, offering decent outdoor space relative to the home's footprint—a plus for those valuing yard space over interior square footage. Its last sale in the 2023-2024 period fell within the $250k-$300k range, positioning it accessibly in the market.

Section 2: Frequently Asked Questions

1. How does this home’s value compare to its neighbours?
The home’s assessed value ($34,900) is in the bottom 10% on Pembridge Bay itself, meaning it is assessed lower than most direct neighbours. However, it aligns much more closely with the average for the broader Meadowood area.

2. Is the living space smaller than average?
At 988 sqft, it is slightly above the average for its street but below the average for the city of Winnipeg. It represents a compact, manageable layout typical of many homes from its era.

3. What can the lot size accommodate?
The lot of 5,599 sqft is very close to the average for the neighbourhood. It provides a good balance of yard space without being overly large to maintain, suitable for gardening, recreation, or future additions like a shed or deck.

4. How old is this home, and what does that imply?
Built in 1972, the home is 54 years old. This is typical for Meadowood, where many homes were built in that era. Buyers should budget for maintenance and updates consistent with a home of this age, such as roof, windows, or mechanical systems.

5. How can I find out the exact past sale price?
The provided sold price is a range based on public data. To obtain the exact historical sale price, you can request it via email from the listing source, which provides this information manually without using your email for marketing.