4 River Road

Property Overview: 4 River Road, Winnipeg

Key Characteristics & Buyer Profile

This is a substantial and historically significant property, defined by its exceptional size and premier positioning within Winnipeg's Pulberry neighborhood. The nearly 4,700 sqft home, built in 1947, sits on an expansive, private lot of over half an acre (27,821 sqft), which is notably larger than most properties in the city. With an assessed value of $1.67 million, it ranks consistently in the top 1-2% of homes city-wide for both living area and value.

The primary appeal lies in its rare combination of grand, established character and unparalleled space. It offers a level of privacy and grounds uncommon for an urban setting. While the home's age suggests a need for updates or specific maintenance, this also represents an opportunity for a buyer to customize a legacy property. This home is best suited for a buyer seeking a long-term family estate, someone who values architectural character over new construction, and who has the vision and means to steward a property of this caliber. It is less suited for those seeking a modern, maintenance-free home.

Frequently Asked Questions

1. How does the age of the home impact its value and appeal?
While the 1947 build date is older than most area homes, it contributes to the property's character and established stature. The value is clearly driven by the irreplaceable lot size, square footage, and location. Buyers should budget for updates consistent with a home of this era, but these factors are often secondary to the land value and unique presence it commands.

2. Is the assessed value an accurate reflection of market price?
The assessed value of $1.67M is a strong benchmark for municipal taxation and places the property in an elite tier. However, market price is determined by current buyer demand, condition, and recent comparable sales. The last known sale was in early 2021 for between $1.6-$1.65M, suggesting a history of high-value transactions.

3. What does the lot size practically offer?
At over 27,000 sqft, the lot provides exceptional privacy, space for extensive landscaping, gardens, or recreational areas, and a buffer from neighbors that is extremely rare within Winnipeg. It allows the home to feel like a true estate.

4. Who are the likely neighbors, and what is the community like?
Based on the data, the immediate street and Pulberry area consist of very high-value, large homes. The nearby reference property at 339 Victoria Crescent, while valuable, is significantly smaller, highlighting how 4 River Road stands out even among premium homes. This suggests a mature, established neighborhood.

5. How can I verify the exact historical sale prices?
The site notes that due to industry rules, exact MLS sale records are not displayed publicly. They offer a manual lookup service where you can request the full transaction history and exact figures via email, which they will provide without using your contact information for marketing.