Property Overview
This 924 sqft bungalow at 87 Barrington Avenue in Winnipeg's Pulberry neighborhood presents a practical and affordable entry point into the market. Built in 1971, it is notably newer than many homes on its street and in the surrounding area. Its assessed value of $368k is very close to the street average, suggesting a fair and stable valuation in its immediate context. The lot size is typical for the street but smaller than the broader neighborhood average. Recent sale history indicates steady appreciation.
Key Characteristics & Appeal
The primary appeal of this home lies in its value proposition and relative modernity within an established area. It suits first-time buyers or downsizers seeking a manageable, single-level layout without a major renovation project. Its newer construction (for the area) may offer more contemporary wiring, plumbing, and insulation compared to older neighboring homes. While the living space is compact, it is efficiently positioned against local averages, potentially resulting in lower utility costs and property taxes than larger homes in Pulberry. The appeal is grounded in practicality: a reasonably priced, newer home on a decent lot in a mature neighborhood. It’s a straightforward property for those prioritizing a sensible footprint and a solid foundation over grandeur or extensive yard space.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value of $368k is very close to the street average, suggesting it's well-aligned with its immediate peers. Market conditions, property condition, and recent upgrades will ultimately determine the sale price, but the assessment indicates a stable, middle-of-the-road valuation for the location.
2. How does the smaller lot size impact the property?
While the lot is slightly below the street average, it is still a useable size for a garden, patio, or play area. The smaller footprint can mean less maintenance, which is a plus for many buyers. It's worth comparing the specific layout to neighboring properties to gauge privacy and sunlight.
3. The home is described as "newer." What are the potential benefits?
Built in 1971, it is approximately a decade newer than the average home on Barrington Avenue. This can often translate to updates in building codes, electrical systems, and insulation standards from that era, potentially reducing immediate repair needs and improving energy efficiency compared to a 1950s or early 1960s build.
4. What does the sale history tell us?
The property sold in 2016 and again in 2021, showing a clear increase in value over that five-year period. This pattern suggests the home has kept pace with or exceeded broader market appreciation, indicating a sound investment trajectory within its segment.
5. How does this home compare to others in Pulberry?
This home trades some space (both in living area and lot size) for its newer build date and a more accessible price point. In Pulberry, it ranks in the top 74% for value, meaning it is assessed lower than many neighborhood homes, offering a cost-effective way into the area. Buyers get the neighborhood amenities and location while accepting a more compact property.