Property Overview: 100 River Road, Winnipeg
Key Characteristics & Appeal
This is a distinctive property defined by its exceptionally large lot and premium positioning within the city. Its primary appeal lies in the rare combination of a vast, private land parcel (over 31,000 sqft, ranking in the top 1% city-wide) and a home with above-average living space, all within the established Pulberry neighborhood. The assessed value and recent sale price place it firmly among the elite tier of properties in both the area and Winnipeg overall, indicating a premium investment.
The home itself, built in 1923, is a century-old character property. This is a key consideration: while it offers space and heritage, its age is notably greater than most homes on its street and in the area. This suits a buyer looking for a project or who values the charm and potential of an older home, balanced with the unparalleled outdoor space. It is ideal for someone seeking privacy, room for expansions like gardens or outbuildings, and a long-term asset in a desirable location, rather than a modern, move-in-ready property. The value here is fundamentally in the land and location, with the house representing a solid, spacious structure with the character and update needs typical of its era.
Frequently Asked Questions
1. What is the exact sold price?
The property sold in February 2024 for a price between CA$1.15M and CA$1.2M. For fully verified and exact transaction figures, you can request a manual lookup by email via the link on the property page.
2. How does the home's age affect its value and condition?
Built in 1923, the home is significantly older than area averages. While this contributes to its character, it typically implies a different maintenance profile and potential renovation needs compared to newer builds. The high sale price suggests the market heavily values the lot size and location, potentially outweighing the costs associated with an older structure.
3. Is the large lot size usable, or is it irregular?
At over 31,000 sqft, the lot is exceptionally large, ranking in the top 5% on its street and top 1% city-wide. This offers tremendous potential for gardening, recreation, expansion, or future development, subject to local zoning regulations. It is a major driver of the property's elite valuation.
4. How does this property compare to the nearby reference sale at 70 Harry Wyatt Place?
The referenced property (70 Harry Wyatt Place, sold for $1.15M-$1.2M) is a newer (1996), significantly larger (3,415 sqft) home on a presumably standard lot. This highlights that 100 River Road achieved a similar sale price primarily due to its elite lot size and location, despite having an older and smaller house.
5. Why is there a difference between the assessed value and the sold price?
The assessed value ($702k) is for municipal tax purposes and often lags behind market trends. The sold price reflects what a buyer recently paid in the open market, which in this case is substantially higher, indicating strong demand for this specific property's unique attributes.