Property Overview
This 951 sqft bungalow at 271 St Michael Road in Winnipeg's Pulberry neighborhood presents a practical and competitively priced entry point into the market. Built in 1972, it is newer than many homes on its street and in the area. The home's living space is modest, ranking below average for its neighborhood and city, which suggests a efficient, low-maintenance footprint. Its assessed value of $393k is consistently around the average benchmark for its street, neighborhood, and Winnipeg overall. The lot size of 6,599 sqft is a standout, ranking above average city-wide and offering valuable outdoor space relative to the home's size. The property last sold in 2016 for an estimated $300k–350k.
Key Characteristics & Appeal
The primary appeal of this property lies in its balance of a newer build date, a larger-than-average city lot, and a value that aligns directly with market averages. It suits first-time buyers, downsizers, or investors seeking a manageable home without a premium price tag, in a stable neighborhood where values are consistent. A thoughtful perspective is that the below-average living area, paired with an above-average lot, creates clear potential for future expansion or outdoor living—a value-add opportunity not always found in homes at this price point. Its "around average" valuation across multiple scales indicates it is fairly priced without immediate over-improvement concerns, making it a straightforward and lower-risk purchase in its bracket.
Frequently Asked Questions
1. Is the home fairly priced compared to the area?
Yes. The assessed value of $393,000 is very close to the average for comparable homes on its street, in the Pulberry neighborhood, and across Winnipeg, suggesting the asking price is grounded in market norms.
2. What are the main compromises with this property?
The living area is notably smaller than most homes in Pulberry and Winnipeg. Buyers should be comfortable with a compact 951 sqft layout, though this often translates to lower utility costs and less upkeep.
3. What is the most positive feature?
Beyond the fair price, the lot size is a significant asset. At 6,599 sqft, it is larger than over 79% of comparable lots city-wide, offering generous outdoor space for its home size.
4. How does the build year affect the home?
Built in 1972, it is newer than about 73% of homes on its street. This can be an advantage, potentially meaning updates to major systems (like plumbing or electrical) may have already been addressed or are due on a more modern timeline than older homes.
5. Where can I get exact historical sold prices?
The site provides sold price ranges for general research. For fully verified and exact sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.