12 Cabot Crescent

Property Overview: 12 Cabot Crescent, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 12 Cabot Crescent in the Pulberry neighborhood presents a balanced, grounded opportunity. Built in 1962, it is slightly newer than most on its street, suggesting potentially updated infrastructure for its era. With 1,146 sqft of living space and a 6,484 sqft lot, the property offers standard interior space but an above-average citywide lot size, which is a key point of value. This larger parcel provides more outdoor flexibility than many Winnipeg homes, ideal for gardening, expansion, or simply more private space.

The primary appeal lies in its value positioning. The home's assessed value of $360k is below the averages for both its immediate street and the broader Pulberry area, yet it aligns closely with the Winnipeg citywide average. This creates an interesting dynamic: it may offer a more affordable entry point into a stable neighborhood while not commanding a premium price. The property last sold between $250k-$300k in 2017, indicating significant assessed value growth since then.

This home would suit practical, value-conscious buyers—perhaps first-time homeowners or downsizers—who prioritize lot size over a large interior and are comfortable with a home from the 1960s. It’s for someone who sees potential in a solid neighborhood footprint without the need for a top-tier, move-in-ready showcase property.

Section 2: Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
While the $360k assessment is a municipal benchmark for taxes, market conditions ultimately set the price. Its value is below local averages but aligned with the city, so it may attract competitive interest if priced accordingly.

2. How does the larger lot size compare to the smaller living area?
The lot is above the city average, while the living space is about average. This balance might appeal to those who value outdoor space for recreation, pets, or future projects like a shed or deck, over having a larger interior.

3. The home is "newer" than others on the street. What does that mean?
Built in 1962, it's just one year newer than the street average of 1961. This minor difference is unlikely to mean major construction advantages, but it can indicate that certain original components, like wiring or plumbing, might have been installed to slightly newer standards of the time.

4. What can the 2017 sale price tell me?
The prior sale in the $250k-$300k range shows substantial growth in assessed value over seven years. It highlights market appreciation but does not guarantee future gains. A buyer should investigate what changes or market forces drove that increase.

5. How do I find out the exact historical sale prices?
The provided data shows approximate price bands. For fully verified figures and a complete transaction history, you must request a manual lookup via email from the service, as this information is not sourced from the MLS system displayed on the site.