Property Overview: 115 River Road, Winnipeg
Key Characteristics & Appeal
This 1,232 sqft home, built in 1975 on a 6,621 sqft lot, presents a compelling mix of value and positioning within its Pulberry neighborhood. Its primary appeal lies in its strong assessed value relative to its size. While the living space is modest for River Road itself, it is squarely average for both the wider neighborhood and the city, suggesting an efficient layout. The property’s assessed value of approximately $503k, however, ranks well above average at every level—neighborhood, city, and even on its own street. This indicates the market recognizes additional value here, likely derived from its desirable location, lot, or the home’s condition.
The home would suit practical buyers looking for a solid investment in a well-regarded area without paying for excessive square footage. It’s a strategic choice for those who prioritize location and value retention over sheer size, offering a foothold on a street where properties typically command higher values. A thoughtful perspective is that this property may represent an opportunity to own in a premium area by opting for a more manageable, efficiently sized home, potentially with lower utility and maintenance costs than its larger neighbors.
Frequently Asked Questions
1. Is the home’s living area considered small?
While it is below the average for homes on River Road specifically, its size is very typical for the broader Pulberry neighborhood and the city of Winnipeg as a whole. It represents an average-sized home in an area where many properties are larger.
2. Why is the assessed value so high compared to the home’s size?
The above-average assessed value across all comparison levels suggests assessors attribute significant value to factors beyond pure square footage. This is commonly due to a combination of its location on River Road, the substantial lot size, and the overall desirability of the Pulberry area.
3. How does the lot size compare?
The lot is approximately 6,621 sqft, which is above average for both the city and the Pulberry neighborhood. While it is not as large as some plots on River Road, it still offers considerable outdoor space for a city property.
4. What is the recent sales history?
The property sold in March 2023 for a price between CA$450,000 and $500,000. Exact sold prices require a manual lookup request through the site, as they do not display MLS data.
5. How can I get verified sale price data for this home?
The site provides sold price ranges publicly. For fully verified, exact historical sale figures, you must request a manual lookup via email. This is due to industry rules preventing the display of MLS-sourced sold data directly on the site.