Property Overview: 51 River Road, Winnipeg

Key Characteristics & Buyer Appeal

This home at 51 River Road in Pulberry is a property defined by its context. Built in 1970, it is a modestly sized bungalow of 1,027 sqft on a 6,433 sqft lot. The data reveals a clear narrative: this home sits below the averages for both size and value on its own street, which is lined with larger, higher-valued properties. However, when viewed within the broader neighborhood and city, its assessed value of $381k aligns closely with Winnipeg norms, and its lot size is actually above the citywide average.

The appeal here is one of practicality and potential. It represents a more accessible entry point onto a street where most homes command a premium. The lot offers a solid footprint for gardening, expansion, or outdoor living relative to many city properties. This home would suit first-time buyers or downsizers seeking a established neighborhood without the premium price tag of the street's larger homes. It’s a pragmatic choice for a buyer who values location and land size over immediate square footage, possibly viewing the home as a solid foundation for future updates.

Frequently Asked Questions

1. Is this home a good value compared to others on the street?
The data suggests it is priced below the street average. While the home itself is smaller and older than many neighbors, this results in a lower assessed value, potentially offering savings for buyers who prioritize the location.

2. How does the lot size compare?
The lot is smaller than the average on River Road but is actually larger than the typical lot across Winnipeg. This means you get more outdoor space than many city properties, but less than the immediate neighbors.

3. What can the past sale prices tell me?
The home sold in 2018 and again in 2022. The price bands show it has appreciated, moving from the $300k-$350k range to the $350k-$400k range. Its percentile ranking remained steady or improved slightly at the city level, indicating its value trend is consistent with the broader market.

4. Why is the assessed value higher than the last sold price?
The last recorded sale (2022) fell within the $350k-$400k band, while the current assessment is $381k. This is a reasonable alignment, with the assessment likely reflecting market increases since that sale. For exact historical figures, you can request a manual lookup via the site.

5. Who are the most likely neighbors or comparable buyers?
Given its size and value positioning, this property likely appeals to a different demographic than many on its block. It could attract young professionals, small families, or retirees, whereas the street averages suggest larger, more expensive homes that might suit established families.