Property Overview: 177 Pentland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,104 sqft home, built in 1984, presents a practical and affordable entry point into Winnipeg's River East neighborhood. Its key appeal lies in its balance of a newer build date relative to the area and a below-average assessed value, suggesting potential for value-conscious buyers.
The home is functionally sized, with a living area that is average for its immediate street but notably smaller than many in the wider neighborhood and city. A significant characteristic is the compact 2,637 sqft lot, which is the smallest on Pentland Street and well below typical area lots. This translates to lower maintenance but less private outdoor space.
This property would best suit first-time buyers or downsizers seeking a modernized, manageable home without a large yard to upkeep. Its assessed value sits comfortably below neighborhood and city averages, making it a financially accessible option. A thoughtful perspective is that its newer construction (for the area) may mean fewer immediate major repairs compared to older neighboring homes, while the smaller lot could be seen as a lifestyle advantage for those preferring low-maintenance living.
Section 2: Frequently Asked Questions
1. Is the assessed value a good indicator of the likely selling price?
The assessed value of $278k is a benchmark for municipal taxes, not a market price. Given it's below area averages and the home last sold between $250k-$300k in 2019, it may indicate a competitively priced listing, but market conditions and the home's condition will ultimately determine the sale price.
2. How does the smaller lot size impact the property?
The lot is significantly smaller than most in River East. This means less yard work and lower potential property taxes, but also limited space for expansions, gardening, or private outdoor recreation. It's a trade-off between convenience and space.
3. The home is "newer" than many in the area. What does that imply?
Built in 1984, it's newer than about 91% of homes in River East. This often suggests updates to building materials, electrical, and plumbing systems may have occurred later, potentially reducing the need for near-term major renovations common in older homes.
4. What does the sold price data from 2019 tell us?
The previous sale in the $250k-$300k range, when compared to the current assessed value, shows a history of value appreciation. It provides a historical anchor point, but does not reflect current market value.
5. Where can I get verified sale history and exact figures?
The provided data is sourced from public records, not the MLS. For a full transaction history and exact sale prices, you must request a manual lookup from the site via email, as industry rules prevent the display of MLS records here.