Property Overview: 242 St Michael Road, Winnipeg

Key Characteristics & Buyer Appeal

This home at 242 St Michael Road in the Pulberry neighborhood is a study in balanced, middle-market appeal. Built in 1972, it is a newer construction compared to many peers on its street and in the immediate area, which can suggest updated building materials and potentially fewer major age-related concerns. With 1,082 sqft of living space, its size is consistently "around average" when compared to the street, neighborhood, and city, offering a practical layout for everyday living without being oversized.

The property’s appeal lies in its value positioning. Its assessed value of $352k sits below the averages for both St Michael Road and the broader Pulberry area, while aligning closely with the Winnipeg citywide average. This creates an opportunity for buyers seeking entry into a stable neighborhood at a relative value. The lot size of 6,029 sqft is also manageable, requiring less maintenance than larger plots while still providing private outdoor space. A thoughtful perspective is that this home represents a "neighborhood-conforming" choice—it doesn’t stand out as exceptionally large or expensive on its block, which can appeal to those seeking community fit and long-term value stability over standout features.

This property would best suit first-time buyers or practical downsizers looking for a solid, no-surprises home in an established area. It’s for those who prioritize a sensible investment in a known quantity over luxury finishes or extensive renovation projects. The data suggests it’s a home for someone comfortable with averages, where the trade-off for a lower assessed value is a living area and lot that are perfectly adequate but not expansive.

Frequently Asked Questions

1. How does the assessed value relate to the likely selling price?
The assessed value of $352k is for municipal tax purposes and serves as a benchmark. Notably, it is below the local street and neighborhood averages, which could indicate room for market value appreciation. However, the final sale price will be determined by current market conditions, the home’s specific state, and buyer demand.

2. The home sold in early 2019 for between $250k-$300k. Is the current assessed value a big increase?
Yes, the assessed value reflects significant appreciation since 2019. This increase is consistent with broader market trends in Winnipeg over that period and suggests the property has accrued substantial equity.

3. Is a 1972-built home considered old?
In the context of this specific street and Pulberry neighborhood, a 1972 build date is actually above average, meaning it is newer than many surrounding homes. This can be an advantage, potentially indicating more modern wiring, plumbing, or insulation compared to older stock in the area.

4. What does "around average" for living area really mean for daily life?
With 1,082 sqft, the home provides space comparable to typical Winnipeg houses. It is well-suited for a small family, a couple, or an individual. It implies efficient use of space rather than sprawling rooms, which can mean lower utility costs and easier upkeep.

5. How can I get the exact historical sold prices for this home?
The public data shown is an estimate. To receive verified, exact sale figures from the transaction history, you must request a manual lookup via email through the SaveOnHouse website. This process is due to industry regulations that prevent the direct display of certain real estate sales records.