Property Overview: 459 Sly Drive, Winnipeg
Key Characteristics & Appeal
This home at 459 Sly Drive in Margaret Park stands out for its above-average space and significant lot size within its local context. With 1,360 sqft of living area, it offers more room than most homes on its street and in the immediate neighborhood. The true standout feature is the 7,695 sqft lot, which places it in the top 5% of properties in Margaret Park for land area, offering substantial outdoor potential. Built in 1966, it is a typical vintage for the area.
The appeal lies in its strong positional value. The home’s assessed value ranks in the elite top 3% both on Sly Drive and in Margaret Park, suggesting it is considered a premium property within these micro-markets. This indicates a well-regarded location, possibly due to lot size, specific positioning, or established character. It last sold between $350k-$400k in 2019.
This property would suit a buyer looking for a home with a larger, private yard in a mature neighborhood, who values space over a brand-new build. It’s ideal for someone who understands the value of a prime lot and is potentially interested in outdoor projects, gardening, or future expansion. It may also appeal to an investor or homeowner who recognizes the long-term value of owning one of the larger properties in a well-established area.
Frequently Asked Questions
1. What does the "Elite" ranking for Assessed Value mean?
It means this home’s municipal assessment is in the top 3% of properties on its street and in the Margaret Park area. This typically reflects the city’s valuation of the property relative to its immediate peers, often influenced by its large lot size and living area.
2. Is the 1966 build date a concern?
It is consistent with the neighborhood average. Buyers should budget for a thorough inspection, as with any home of this age, to understand the condition of major systems like roof, plumbing, and wiring, but it is not an outlier for the area.
3. How does the lot size compare practically?
At nearly 7,700 sqft, the lot is significantly larger than the ~5,139 sqft average for Margaret Park. This translates to more backyard space, greater distance from neighbors, and potentially more flexibility for additions, decks, or landscaping.
4. Why is there only a sold price range from 2019?
Exact sale prices are not always publicly disclosed in Manitoba. The range is based on available public data. The listing service offers to provide the exact historical price via email upon request.
5. The city-wide assessed value average seems much higher. Why?
The city-wide average of ~$390k includes all property types and neighborhoods across Winnipeg. This home’s assessment is focused on its value within its specific local market (Sly Drive and Margaret Park), where it ranks very high, showing its strength is relative to its immediate surroundings.