Property Overview: 106 St Vital Road, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical, mid-century bungalow built in 1956, offering 1,140 sqft of living space. Its primary appeal lies in its value positioning within the established Pulberry neighborhood. While the house itself is average in size and age for its immediate street and the wider city, it stands out for having a notably lower assessed value than most homes in the Pulberry area. This creates a potential value opportunity for a buyer seeking entry into this neighborhood. The lot, at just over 4,400 sqft, is smaller than most in the vicinity, which translates to less yard maintenance.
The property would suit first-time buyers or practical downsizers who prioritize location and value over square footage or a large yard. It’s for someone comfortable with a home of this vintage, who sees potential in its established setting rather than in above-average specs. A thoughtful perspective is that its "average" metrics on the street suggest it fits right in, avoiding the premium of a standout property or the concerns of an outlier, while its below-neighborhood valuation offers a relative discount for the area.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the recent sold price?
The home sold in October 2024 for an estimated $250k–$300k, which is below its $317k assessed value. This is not uncommon and suggests the sale may reflect market conditions or the property's specific state at the time.
2. Is the smaller lot size a major disadvantage?
It depends on your priorities. While it offers less private outdoor space than neighboring properties, it also means significantly less yard work and lower associated costs, which can be a benefit for those seeking a low-maintenance lifestyle.
3. The home is older—what should I consider?
Built in 1956, it is typical for the street but slightly older than the Pulberry neighborhood average. A pre-purchase inspection is essential to understand the condition of major aging components like the roof, plumbing, and electrical systems.
4. How does this property truly compare to others nearby?
It’s very typical for St Vital Road in size, age, and value. However, within the broader Pulberry neighborhood, it sits on a smaller lot and has a lower assessed value than over 90% of comparable homes, indicating it may be one of the more accessible entry points into the area.
5. Where can I get verified sale history and exact figures?
The provided sold price is an estimate from public data. For fully verified transaction history and exact sale prices, you must request a manual lookup from the site via email, as they do not display MLS data directly.