Property Summary: 37 Weaver Bay, Pulberry, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a study in contrasts, presenting a clear value proposition centered on its generous lot. The house itself is compact at 1,002 sqft, ranking below average in size for its street, neighborhood, and the city. Built in 1960, it is typical of its immediate area. The assessed value of $368k is moderately below the neighborhood average but aligns closely with the Winnipeg-wide average.

The primary appeal lies in the land. The 6,850 sqft lot is significantly larger than average for Weaver Bay and ranks well above average both city-wide and in Pulberry. This creates immediate potential for outdoor living, gardening, or future expansion.

This property would best suit a pragmatic buyer who prioritizes land over interior square footage. It’s a solid entry point into the Pulberry neighborhood, ideal for those comfortable with a smaller, classic home footprint who see value in the potential of the sizable yard. It may also appeal to investors or renovators who view the below-average living area as a canvas for a strategic addition, leveraging the premium lot size.

Section 2: Frequently Asked Questions

1. Is the house too small compared to others on the street?
The living area is indeed below the street average. This is reflected in its value, but it also means the home may offer a more efficient and affordable maintenance footprint while still providing access to the same location.

2. How does the large lot impact property taxes?
While the lot is a premium feature, property assessments consider the entire property. The overall assessed value is below the neighborhood average, suggesting the smaller house size helps balance the tax impact of the larger land parcel.

3. What does the recent sale price range indicate?
The home sold between $350k-$400k in mid-2024. This range, slightly below the neighborhood's average assessed values, is consistent with the home’s smaller size and may indicate a market recognition of its specific characteristics.

4. Are homes from 1960 expensive to maintain?
Like any home of its age, systems (roof, windows, plumbing) may be due for updates. However, the year built is very typical for Pulberry, so local contractors are likely familiar with the construction style and common renovation needs for houses from this period.

5. How does this property’s value hold up across Winnipeg?
Its assessed value is around the city-wide average for comparable homes. This suggests that while it may be a smaller option within Pulberry, it represents a very typical Winnipeg price point, which can be a stabilizing factor for long-term value.