Property Overview: 20 Puffin Place, River East, Winnipeg

Key Characteristics & Appeal

This 840 sqft bungalow, built in 1976, sits on a 6,031 sqft lot in Winnipeg's River East neighborhood. Its key characteristic is its position as a more modest and affordable entry point within its immediate area. While its living space is notably smaller than most homes on its street and in the neighborhood, this is reflected in its assessed value of $325k, which is below the local average but aligns more closely with the wider Winnipeg market. The lot size is fairly typical for the city.

The appeal lies in its value proposition. It suits first-time buyers, downsizers, or investors seeking a lower-priced foothold in a stable, established neighborhood. The home last sold in 2022, suggesting a relatively recent turnover. For the right buyer, the smaller interior could be seen as manageable and efficient, while the lot offers standard outdoor space. It represents a practical choice rather than a premium one, prioritizing location and lot over square footage.

Frequently Asked Questions

1. Is this home priced fairly for the area?
The assessed value is below the averages for both Puffin Place and the broader River East area, but is around the citywide average. This suggests the price acknowledges the home's smaller size, potentially offering a more accessible price point within the neighborhood.

2. How does the home's size compare to nearby properties?
At 840 sqft, the living area is the smallest among the listed comparable homes on Puffin Place and is below average for the neighborhood. This is the defining feature of this property.

3. What is the sales history?
Public records indicate it sold in May 2022 for an estimated $300k-$350k, and previously in March 2019 for an estimated $250k-$300k.

4. How can I get the exact past sale prices?
The site provides sold price ranges. To obtain exact historical figures, you must request a manual lookup via email, as this data is not sourced from the MLS.

5. What are the property taxes likely to be?
While not stated, property taxes would be based on the $325k assessed value. You can calculate an estimate by applying Winnipeg's current annual tax rate to this assessment.