Property Overview: 126 Talon Bay, Winnipeg
Key Characteristics & Appeal
This home at 126 Talon Bay in the Pulberry neighborhood presents a practical and straightforward opportunity. Built in 1961, it is actually slightly newer than many of its immediate neighbors on the street. With 1,040 square feet of living space, the house is compact, sitting below the average for both the street and the neighborhood, which suggests a more manageable layout that could appeal to those seeking efficiency and lower maintenance.
The lot size of 4,941 sqft is notably smaller than most in the immediate area, which is a key consideration. This could mean less yard upkeep, but also less private outdoor space. The assessed value of $383,000 is consistently around the average across street, neighborhood, and city comparisons, indicating a fairly priced entry point into the market.
Recent sales history shows significant appreciation, with the home selling for between $450k-$500k in July 2024, a substantial increase from its $300k-$350k sale price just over a year prior in May 2023. This points to a hot market segment or possibly value-add improvements.
This property would likely suit first-time buyers or downsizers looking for a home with a smaller footprint in an established neighborhood. Its appeal lies in its relative affordability for the city, its position as a newer build on its block, and the potential it may hold as a manageable project or a low-maintenance living space.
Frequently Asked Questions
1. Is the smaller lot size a disadvantage?
While the lot is smaller than most on the street, it translates to less yard maintenance. For buyers prioritizing ease of upkeep over extensive gardening or outdoor space, this could be viewed as a benefit rather than a drawback.
2. How does the living area compare practically?
At 1,040 sqft, the home is cozier than the Pulberry average. This typically means efficient use of space and could result in lower utility costs. It’s well-suited for individuals, couples, or small families.
3. What does the recent jump in sold price indicate?
The increase from the 2023 sale price to the 2024 price is significant. It strongly suggests a seller’s market or that updates or renovations were completed between sales. Requesting the exact sale price and details on any work done is highly recommended.
4. How does the assessed value relate to market price?
The assessed value ($383k) is for municipal tax purposes. The recent sold price range ($450k-$500k) is the true market indicator. Taxes will be based on the lower assessed value, which is a positive point for ongoing costs.
5. Are the provided sold prices exact?
No. The figures shown are estimated ranges. To obtain the precise historical sale prices and ensure accuracy for your decision-making, you must request the data directly via email from the site, as they manually provide verified figures.