Property Overview: 57 River Road, Winnipeg
Key Characteristics & Appeal
This home at 57 River Road in the Pulberry neighborhood is a study in balanced, middle-market appeal. Built in 1965, its 1,241 sqft living area is modest for its street but aligns closely with neighborhood and city averages, suggesting a comfortable, manageable size. The property’s standout feature is its 7,190 sqft lot, which is above average for both Pulberry and Winnipeg overall, offering valuable outdoor space that is increasingly rare. With an assessed value of $425k, it sits above the neighborhood average, indicating perceived stability or desirability within its immediate area.
The appeal lies in its positioning as a solid, no-surprises home in a well-established area. It recently sold for an estimated $500k–$550k, a price that performed notably well against area and city benchmarks. This suggests buyers saw value beyond the raw square footage, likely in the lot size, location, or the home’s condition. It would suit practical, value-conscious buyers—perhaps young families or downsizers—who prioritize a generous yard over a sprawling house and appreciate a home that holds its own in the local market without being the most expensive on the block.
Frequently Asked Questions
1. Is the living space considered small?
While the home is smaller than the average on River Road itself, it is very much on par with the typical home in the broader Pulberry neighborhood and Winnipeg overall. It represents a standard, efficient floor plan for its era.
2. Why is the assessed value higher than the neighborhood average?
The assessed value of $425k ranks in the top 29% for Pulberry. This can be influenced by several factors, including the above-average lot size, specific improvements, or its precise location within the neighborhood, suggesting it is viewed as a stronger-than-average property in the area.
3. How does the lot size compare?
The lot is a key advantage. At 7,190 sqft, it is larger than most lots in both Pulberry and across Winnipeg, offering more private outdoor space than many comparable properties.
4. What does the sold price tell us about the home's market value?
The sold price range of $500k–$550k placed it in the top 9% for the neighborhood and top 15% city-wide for sales. This indicates strong market competition for this property, likely driven by its lot size and overall package, justifying a price well above its assessed value.
5. Where can I find verified sale details or comparable properties?
The site notes that exact sold prices require a manual lookup request via email, as they do not display MLS data. For direct comparisons, you can review the provided nearby and similarly assessed properties, or use the neighborhood analysis map to see how it compares to immediate neighbors on various metrics.