Property Overview
202 Pentland Street presents a practical home in Winnipeg's River East neighborhood. Its primary appeal lies in being an affordable entry point into a well-established area, offering a balance of modest living space and a manageable lot. The home, built in 1975, fits the typical profile for its immediate street but stands out for its significantly lower assessed value compared to the wider neighborhood and city.
Key Characteristics & Ideal Buyer
This 1,084 sqft home sits on a 2,998 sqft lot. Its living area is typical for Pentland Street but smaller than the River East and Winnipeg averages. The most defining characteristic is its assessed value of $237k, which is notably below average for the street, neighborhood, and city. This suggests a potential value opportunity, possibly due to the home's condition, specific features, or the smaller lot size relative to many area properties.
The property would suit first-time buyers or investors seeking an affordable foothold in a mature community. Its manageable scale appeals to those looking to minimize maintenance and costs. A thoughtful perspective is that this home represents the "baseline" of the area—it offers access to the neighborhood's amenities and community without the premium price tag of larger, renovated, or more spacious properties on bigger lots. It’s a pragmatic choice for budget-conscious buyers who prioritize location over size or modern finishes.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is a municipal valuation for tax purposes, not a market price. It can be influenced by many factors, including the home's specific condition, interior updates, and features. In this case, the smaller-than-average lot size for River East is also a likely contributing factor to the lower assessment.
2. How does the living space compare to nearby homes?
At 1,084 sqft, the living area is very close to the average for Pentland Street itself. However, it is below the broader neighborhood and city averages, indicating homes in River East and Winnipeg generally offer more interior space.
3. What does the sold price history indicate?
Records show it last sold between $200k-$250k in August 2016. This historical price, combined with the current assessed value, places it in a more affordable tier compared to recent reference listings in River East, which show assessed values ranging from $254k to over $430k.
4. Is the lot size a limitation?
The lot is about average for the street but is significantly smaller than typical lots in River East. This means less outdoor space for gardening or expansion but also translates to less yard maintenance.
5. How can I get the exact historical sold prices for this property?
The site provides sold price ranges. To obtain verified, exact figures from a full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system.