Property Overview: 123 St Michael Road, Winnipeg
Key Characteristics & Appeal
This is a compact, 672 sqft bungalow built in 1955, situated on a 6,001 sqft lot in Winnipeg's Pulberry neighborhood. Its key characteristic is its modest scale, which is significantly smaller and older than most homes on its street and in its immediate area. The assessed value of $302k is below local averages but aligns more closely with the wider Winnipeg market.
The primary appeal lies in its value proposition within a well-established neighborhood. It represents a lower entry point into a community of typically larger, higher-value homes. This suits first-time buyers, downsizers, or investors seeking a manageable footprint with land potential. The lot size is consistent with city norms, offering outdoor space uncommon in newer, denser developments. A thoughtful perspective is that this home may offer "gentle density" potential—its smaller size on a standard lot could be seen as an efficient use of land in a mature community, appealing to those conscious of urban form and lower maintenance.
Frequently Asked Questions
1. Why is the living area so much smaller than neighboring homes?
As an older home built in 1955, its floor plan reflects post-war housing norms which often favored smaller, more efficient layouts compared to the larger homes built in the subsequent decades that dominate this street.
2. How does the assessed value compare to its last known sale price?
Public records indicate it last sold between $200k-$250k in July 2016. The current $302k assessment suggests market growth, but for exact historical sale figures, a manual lookup of verified records is required.
3. Is the land size a development opportunity?
The lot is slightly below the street average but is a standard city size. Any redevelopment potential would be subject to local zoning bylaws, but the proportion of building to land is lower than many nearby properties.
4. Who would this property suit best?
It is ideally suited for buyers prioritizing location and land over interior space, such as first-time homeowners comfortable with a cozy layout, empty-nesters downsizing, or an investor looking for a rental property in a stable neighborhood.
5. How accurate is the comparative data shown?
The rankings and averages are based on available public data for "comparable homes." For fully verified sales history and exact figures, including MLS records not displayed on this site, a manual data lookup must be requested.