Property Overview: 74 Pennefather Street, Winnipeg
Section 1: Key Characteristics & Appeal
This River East home stands out for its generous living space and strong assessed value. At 2,099 sqft, the living area is notably above average, ranking in the top 9% for the neighborhood and city. The assessed value of $489k is elite for its immediate street, ranking #1 out of 24 homes, indicating it is perceived as a premium property in its micro-location. Built in 1979, it is typical for the area but may benefit from updates that reflect modern living standards.
The primary appeal lies in its spacious interior combined with a established, desirable location on a street where property values are strong. The lot size, while slightly below the neighborhood average, is consistent with city-wide norms, suggesting a manageable yard with less maintenance.
This property would best suit buyers prioritizing interior space over expansive outdoor land, and who value a home with a proven, high assessment in its immediate vicinity. It’s a solid choice for someone looking for a move-in-ready canvas in a mature neighborhood, potentially appealing to growing families or those downsizing from a larger lot but not wanting to sacrifice indoor square footage.
Section 2: Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value ($489k) is for municipal tax purposes and is often a different figure from market value. However, its elite ranking on the street suggests it is a high-caliber property for the area, which can be a positive indicator.
2. The home was last sold in 2016. What might have changed since then?
Given the sale was nearly a decade ago, there’s a significant period where upgrades, maintenance, or wear could have occurred. A thorough inspection is key to understand the current condition of major systems (roof, HVAC, plumbing) and any renovations completed.
3. The lot size is noted as below the neighborhood average. What does this mean practically?
It means the yard may be somewhat smaller than many in River East. This can be an advantage for those seeking lower outdoor maintenance, but could be a consideration for buyers wanting extensive garden space, a large patio, or future expansion.
4. Are the sold prices of nearby homes from 2016 a good indicator of current value?
While they provide historical context, the Winnipeg market has changed since 2016. These figures are best used to understand past trends rather than to pinpoint today’s value. Current market conditions and recent comparable sales are more relevant.
5. How can I get the exact sale history and verified details for this property?
The provided data is compiled from public sources. For fully verified transaction history and exact sale prices, you would need to request a manual lookup from the site via email, as this information is not sourced from the MLS system.