Property Overview
81 St Michael Road is a 720 sqft bungalow built in 1971 on a 5,997 sqft lot in Winnipeg's Pulberry neighborhood. With an assessed value of $357k, it presents a specific, data-backed profile that will appeal to a particular set of buyers.
Key Characteristics & Appeal
This home’s primary characteristic is its compact size. At 720 sqft, its living area is notably smaller than most homes on its street, in Pulberry, and across Winnipeg. This defines both its limitation and its core appeal: it is a streamlined, lower-maintenance property in a neighborhood of larger, more valuable homes. The assessed value is comfortably average for the city and slightly below average for the area, suggesting the price primarily reflects the land and location rather than the dwelling's size.
Its appeal lies in efficiency and opportunity. For a buyer seeking a modest footprint without leaving a mature neighborhood, it offers a rare entry point. The lot size, while below the street average, is still generous for the home's scale, presenting clear potential for expansion or outdoor living. The 1971 build date is newer than many area homes, which may mean fewer immediate updates than older stock.
This property would best suit pragmatic first-time buyers, downsizers looking to stay in the area, or investors seeking a manageable rental. It is not a fit for those needing ample indoor space, but is ideal for someone who values a lower-cost base in an established community and sees potential in what could be added.
Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
The assessed value of $357k is a municipal calculation for tax purposes. It sits close to the citywide average but below the Pulberry neighborhood average, reflecting the home's smaller size. Market conditions, property condition, and buyer demand will ultimately determine the sale price.
2. How does the smaller living area impact livability and value?
The 720 sqft layout requires efficient use of space. While limiting for larger households, it translates to lower utility costs and less upkeep. Value-wise, it positions the home as a more affordable option in the area, with future value growth potentially tied to the land and the possibility of renovation.
3. What does the lot size mean for potential expansion or renovation?
At just under 6,000 sqft, the lot is smaller than others on St Michael Road but is still a substantial parcel. This size could comfortably accommodate an addition, a garage, or extensive landscaping, subject to local zoning and permit approvals.
4. The home is newer than many in Pulberry. Does that mean fewer repairs?
Built in 1971, the home is newer than the area average, which often suggests updated building materials and systems for its era. However, a thorough inspection is still crucial, as key components like the roof, windows, and major mechanical systems may be nearing the end of their typical lifespans.
5. Why is there no sales history shown for this listing?
The platform does not source data from the MLS. Sold price history for this specific address can be requested manually via email from the site operators, who will provide verified figures. The "Nearby Properties" list offers relevant comparisons for market context.