Property Overview: 5 River Lane, Winnipeg
Key Characteristics & Appeal
This is a substantial, well-established property in the Pulberry neighborhood, distinguished by its generous scale. The home itself is notably spacious at 3,265 sqft, placing it in the top 1% for living area both in the neighborhood and city-wide. It sits on an expansive 16,227 sqft lot, which is more than double the neighborhood average, offering significant outdoor space and privacy—a rarity within the city.
The appeal lies in its combination of elite-level space and a premier lot size, balanced with a character-appropriate 1967 build date. While newer homes exist, the property’s assessed value of $798k and its recent sale near $1M reflect its premium positioning. It suits buyers looking for a legacy-sized home and lot who appreciate established neighborhoods. It’s ideal for those who prioritize interior volume and expansive grounds over a brand-new build, and for whom value is measured in enduring space and location rather than modern construction date.
Frequently Asked Questions
1. How does the age of the home affect its value?
While the 1967 build is around the average for the area, the value is driven overwhelmingly by the exceptional living space and lot size. Buyers should budget for updates consistent with a home of this era, but the property’s elite rankings in size metrics show these features far outweigh age in its valuation.
2. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $798k is a strong benchmark for municipal taxation, but market conditions dictate the sale price. This home previously sold for approximately $950k-$1M, suggesting the market places a significant premium above the assessed value, a common trait for unique, high-end properties.
3. What does the lot size actually offer?
At over 16,000 sqft, the lot is not just large—it’s in the top 2% for the city. This allows for potential additions like gardens, pools, or outbuildings, provides substantial privacy from neighbors, and offers a sense of estate-like living uncommon in Winnipeg.
4. How does this property compare to others on the same street?
It stands out on River Lane. It has a larger living area than 94% of comparable homes on the street and a larger lot than 85% of them. It is a defining, above-average property within its own immediate block.
5. Where can I get verified historical sale data?
The provided sale price is sourced from public records. For a fully verified transaction history and exact sale figures, you must request a manual lookup from the site via email, as they do not display MLS-sourced sold data due to industry regulations.