111 Crofton Bay

Property Overview

111 Crofton Bay is a well-established, single-family home in Winnipeg’s Pulberry neighborhood. Built in 1960, it offers 986 square feet of living space on a 5,050 square foot lot, with a current assessed value of $373,000. The home presents a classic, no-frills profile that holds specific appeal in today’s market.

Key Characteristics & Appeal

This home’s primary characteristic is its efficiency. Its living area is notably compact compared to most homes on its street and in Pulberry, which positions it as a lower-maintenance option. The assessed value is consistently "around average" across all comparison levels, suggesting the price is aligned with market expectations for its offering. The lot size, while below the neighborhood average, is close to the city-wide norm, providing a manageable outdoor space.

Its appeal lies in its straightforward practicality and value stability. It suits first-time buyers seeking an entry point into a stable neighborhood without a massive footprint or premium price tag. It could also attract downsizers looking to reduce maintenance and space without leaving the community. A less obvious perspective is its potential as a strategic hold; its average valuation in an established area may offer a stable foundation with less volatility than more trendy or inflated properties. It’s a home for those who prioritize location and financial predictability over size and modern luxury.

Frequently Asked Questions

1. Is this home significantly smaller than others in the area?
Yes. At 986 sqft, the living area is below the average for both Crofton Bay street (1,141 sqft) and the broader Pulberry neighborhood (1,320 sqft). This indicates a more compact, efficient layout.

2. How does the assessed value compare to recent sale prices?
The home last sold between $300,000-$350,000 in July 2022. Its current assessed value of $373,000 is slightly higher, but remains around the average for the street ($383k) and city ($390.1k), reflecting general market movements.

3. What does the "around average" assessed value ranking mean?
It means the home’s value is not an outlier. On its street, it ranks 46th out of 71 homes (Top 65%), indicating its value is typical for Crofton Bay and not over- or under-assessed relative to immediate neighbors.

4. Who might this property not suit?
It may not suit buyers needing ample indoor space, those seeking a large yard (the lot is smaller than most in Pulberry), or anyone wanting a newer home without potential updates common for a 1960s build.

5. How can I get the exact historical sale price?
The site provides sold price ranges for non-members. To receive the exact sale figures and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS.