Property Overview
118 St Michael Road presents a distinct profile defined by a significant contrast between its modest home and its generous lot. Built in 1954, the 672 sqft house is notably smaller than most in Pulberry, Winnipeg, ranking in the top 1-2% for compact living area locally. Its assessed value of $301k is also below the immediate area's average. The primary asset is the land: a 9,597 sqft lot that ranks in the top 10% of the neighborhood and top 7% city-wide for size, offering substantial outdoor space and potential.
Key Characteristics & Appeal
The appeal here is fundamentally about land value and future potential, not the current structure. The home itself is a classic, smaller post-war property, likely suited for a minimalist, renovator, or investor. Its lower assessed value relative to the street and area suggests an entry point into a established neighborhood. The true draw is the oversized lot, which provides rare privacy, room for gardens, play areas, or expansion in a city context. This property would suit a buyer with a vision—whether that's building equity through a thoughtful renovation, adding a secondary suite (subject to zoning), or simply valuing extensive private outdoor space over interior square footage. It's a pragmatic choice for a first-time buyer willing to trade space for lot size, or for a downsizer seeking a manageable home with a large yard.
Frequently Asked Questions
1. Why is the assessed value below the neighborhood average?
The assessed value reflects the current state of the property. The significantly smaller-than-average living area and the home's older age are the primary factors keeping the valuation lower compared to larger, more updated homes on the street and in Pulberry.
2. What does the lot size ranking actually mean for me?
Ranking in the top 10% in the neighborhood means your lot is larger than roughly 90% of others nearby. This translates to more privacy, less noise from neighbors, and greater flexibility for landscaping, recreation, or future outdoor structures.
3. Is the house too small for a growing family?
At 672 sqft, the living space is compact. It would require efficient use of space and likely feels cozy for a family with multiple children. However, the large lot provides crucial room for kids to play outdoors, which can offset smaller indoor living areas.
4. How reliable is the last sold price data from 2017?
The provided sold price range (CA$200k–250k) is based on public records but is not MLS-verified. It offers a historical benchmark, but market conditions have changed since 2017. For exact, verified transaction history, you must request a manual lookup from the site via email.
5. What are the realistic possibilities for this property?
Given the large lot, possibilities could include renovating and expanding the existing footprint (where bylaws allow), or focusing on maximizing the yard's utility. It's important to investigate zoning regulations (R1, etc.) with the city to understand permissible uses, such as building a garage, shed, or the potential for a legal secondary suite.