Property Overview: 7 Wakefield Bay, Winnipeg

Key Characteristics & Appeal

This home at 7 Wakefield Bay in the Pulberry neighborhood is a study in solid, established value. Built in 1961, it is actually one of the newer homes on its street, offering a slight advantage in potential modern infrastructure. With 1,070 sqft of living space and a 5,638 sqft lot, its size is consistently "around average" when compared to the street, neighborhood, and city—a sign of a predictable, manageable property that won’t feel out of place.

Its primary appeal lies in its financial positioning. The home’s assessed value of $394k ranks well above the street average, suggesting it is viewed as a premium property on Wakefield Bay. This, combined with a recent sale price in the $400k-$450k range (which placed it in the top 20-29% of sales across various areas), indicates a strong market perception and a history of value retention. It suits practical buyers looking for a stable investment in a mature neighborhood—perhaps first-time homeowners who want a manageable footprint, or downsizers seeking a home without the extremes of being the smallest or largest on the block. A thoughtful perspective is that this property represents the "reliable middle" of the market; it offers the comfort of not overpaying for excessive size or novelty, but with the confidence of holding value better than its immediate peers.

Frequently Asked Questions

1. How does this home’s value hold up compared to nearby properties?
The data shows its assessed value is above the average for Wakefield Bay street itself, indicating it is considered a higher-value home within its most direct comparison group. This often points to better upkeep, favorable location on the street, or desirable updates.

2. Is the lot size a disadvantage?
While the lot is below the average size for the broader Pulberry neighborhood, it is much closer to the average for the city of Winnipeg. On its own street, it ranks near the middle. It’s a standard urban lot, suitable for traditional landscaping and outdoor space without high maintenance demands.

3. The home was built in 1961. What should I expect?
As one of the newer homes on its block, major systems like plumbing or electrical might have seen updates over the years. However, a home of this age will still require a thorough inspection for its roof, foundation, and original components, which are common focal points for maintenance in this era.

4. Where can I get the exact sale price from the 2024 transaction?
The site notes that exact sold prices are not displayed publicly due to data source rules. You can request the exact figure via email from the site provider, who will perform a manual lookup.

5. What do the rankings for "Living Area" and "Year Built" actually tell me?
They provide context, not a verdict. The rankings show this home is typical in size for the area, so furniture and lifestyle expectations from a square footage perspective will be standard. The strong "year built" ranking on its street suggests it may have fewer inherent age-related issues than some direct neighbors, which can be a subtle but meaningful advantage.