Property Overview: 3 Henry Pehrson Cove, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition centered on its exceptional lot size. Built in 1991, the 1,431 sqft house sits on a 12,746 sqft property—a land parcel that ranks in the top 3% both within the Normand Park area and across the entire city. This offers rare potential for expansion, gardening, or outdoor recreation that is hard to find in newer subdivisions.
The appeal here is nuanced. While the living space is modest compared to other homes on the street and in the immediate area, its city-wide assessed value of $500k ranks in the top 20%, suggesting you are acquiring a premium lot at a relatively efficient price point. The home last sold in mid-2022 in the $550k-$600k range. It suits a buyer who prioritizes land over sheer interior size—ideal for someone looking for a long-term family home with room to grow, a hobbyist, or a purchaser who sees the underlying land value as a key asset. It’s a property for those comfortable with a home that may require updates (as it is now 35 years old) but offers a private, spacious setting uncommon in the city.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,431 sqft, the living area is below the average for both Henry Pehrson Cove and the wider Normand Park area. However, it is close to the average size for a home across the entire City of Winnipeg.
2. Why is the assessed value higher than the city average?
The $500k assessment ranks well above the city-wide average. This is likely influenced significantly by the very large, premium lot size, which is a major factor in property valuation.
3. What does the "Elite" ranking for Land Area mean?
This indicates the property’s lot size of 12,746 sqft is larger than approximately 97% of comparable properties in Normand Park and city-wide, placing it in a rare category for spaciousness.
4. How reliable is the sold price data shown?
The sold price range from June 2022 is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup via email from the site.
5. What is the likely trade-off with this property?
The data suggests a trade-off between interior space and land. You are acquiring a much larger-than-average yard, but the house itself is not the largest on the block. The value lies in the potential of the land and the privacy it affords.