Property Overview: 480 Sly Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling blend of space, value, and location within the established Margaret Park neighborhood. Its key appeal lies in its generous 7,482 sqft lot, which ranks well above average for both the local area and the wider city, offering significant outdoor space and potential. Built in 1966, it is a solidly maintained property from that era. The 1,148 sqft living area is comfortably sized and typical for the street.
A standout feature is the home's Assessed Value of $40,200, which places it in the elite top 3% of both Sly Drive and the broader Margaret Park area. This suggests the property is assessed favorably relative to its immediate peers, which can be an attractive point for value-conscious buyers. The combination of a larger-than-average lot and a strong assessment position makes this property particularly suited to buyers looking for a home with room to grow, garden, or enjoy outdoor privacy without venturing to the city's outskirts. It would also suit an investor or homeowner who appreciates the stability of an older, established neighborhood and sees potential in the land itself.
Section 2: Frequently Asked Questions
1. What does the "Elite" assessed value ranking actually mean?
It means this home's city assessment is among the highest 3% when compared directly to its neighbors on Sly Drive and in the Margaret Park area. This doesn't dictate market price, but it indicates the property is officially valued very strongly within its immediate context.
2. Is the living space smaller than average?
The living area is slightly below the average for Margaret Park but is very close to the average for Sly Drive itself. It represents a standard floor plan for homes of this vintage in the neighborhood.
3. What are the implications of a 1966 build year?
Homes from this period often feature practical layouts and durable construction. Buyers should budget for updates consistent with a home of this age, such as windows, roofing, or mechanical systems, while appreciating the character and mature landscaping that come with it.
4. How does the lot size compare in practical terms?
At nearly 7,500 sqft, the lot is significantly larger than the typical Winnipeg lot (approx. 5,139 sqft). This translates to more backyard space, greater distance from neighbors, and possible flexibility for additions, gardening, or recreational features.
5. Why is there no public sold price history shown?
Detailed sale history is not always available in public records. The listing service offers to provide the exact sold price history manually via email to ensure accuracy and privacy for past transactions.