Property Overview: 112 Talon Bay, Pulberry, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its generous lot. At 6,592 sqft, the land area is notably larger than most on its street and across Winnipeg, offering significant outdoor space and potential. The house itself, built in 1960, is modest in size at 1,020 sqft, placing it below average for living area in its immediate and broader context. Its assessed value of $361k is around the city-wide average, suggesting the price reflects a balance between the compact home and the desirable lot.
The primary appeal lies in this land-to-structure ratio. It suits a buyer looking for a foothold in a mature neighborhood who values private outdoor space for gardening, recreation, or future expansion over immediate square footage. It could be an ideal project for someone comfortable with a smaller, classic home layout who sees potential in the sizable yard. Alternatively, it represents a more affordable entry point into the area, where the average home value is higher, by trading interior space for land.
Frequently Asked Questions
1. Is the smaller living area a concern?
While the home's footprint is compact, it's a characteristic of many well-built homes from its era. The layout's efficiency and the trade-off for a larger lot are key considerations. It may suit downsizers, first-time buyers, or those who prioritize outdoor living.
2. How does the sold price range compare to the assessment?
The home last sold between $350k-$400k in mid-2023. The current assessed value of $361k sits within that range, indicating the assessment is closely aligned with a recent market transaction.
3. What does the "below average" ranking for neighborhood value mean?
The assessed value is below the Pulberry neighborhood average ($422.7k). This typically indicates the property is more modest than others in the area, which can mean a more accessible price point in a desirable location.
4. Are the sold prices shown here the complete history?
No. The displayed sold price is from July 2023. For a complete, verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as they do not publish full MLS data.
5. What is the realistic potential for expansion or renovation?
The large lot is a major asset for future potential. Any expansion would need to comply with local zoning bylaws. A pre-purchase consultation with the city planning department or a contractor is advisable to understand possibilities and costs.