49 River Road

Property Overview: 49 River Road, Winnipeg

Key Characteristics & Buyer Appeal

This home at 49 River Road in Pulberry is a study in solid, middle-ground value. Built in 1970, its 1,276 sqft living space and $410k assessed value consistently place it around the average for its neighborhood and the wider city. Its true standout feature is the land: at 7,363 sqft, the lot size is above average for both Pulberry and Winnipeg, offering more outdoor space than many comparable properties. The home last sold in 2016 for between $300k-$350k, indicating significant equity growth since then.

The appeal here lies in its established neighborhood setting and the potential offered by a larger-than-average lot. It suits practical buyers looking for a home in a mature area without extreme outliers in size or price. It’s a sensible choice for someone who values a decent yard and a stable investment in a well-ranked neighborhood over a brand-new build or a premium, top-tier street address. A thoughtful perspective is that while the house itself is unexceptional in the metrics, it represents a balanced entry into a desirable area, with the land providing a tangible asset for future enjoyment or expansion.

Frequently Asked Questions

1. Is this house a good value compared to others on River Road?
The data suggests it offers a different value proposition. While its living area and assessed value are below the street average, its lot size is competitive. You're paying less for the structure but securing a solid parcel of land in the area.

2. How reliable is the sold price data from 2016?
The provided sold price range is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email.

3. The house seems "average" in many rankings. Is that a bad sign?
Not necessarily. Consistency across street, neighborhood, and city comparisons can indicate a stable, predictable investment. It avoids the risks that can come with properties that are extreme outliers, either high or low, in their market.

4. What does the "above average" land area ranking practically mean for a buyer?
It means you likely have more privacy, garden space, or room for additions like a shed, deck, or patio than many homes in Winnipeg. For families or outdoor enthusiasts, this is a significant advantage not reflected in the living area square footage.

5. Who would this property not suit?
It may not suit buyers seeking a move-in-ready modern home with recent renovations, as its age and average rankings suggest a typical maintenance profile for a 1970s build. It's also not for those prioritizing maximum interior square footage over land size.