Property Overview: 491 Sly Drive, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 491 Sly Drive presents a compelling case based on space and land. Its primary strength is its generous 1,614 sqft living area, which ranks in the top 3% of homes on its street and the top 2% within the Margaret Park neighbourhood. This means it offers significantly more interior space than most comparable local properties. Coupled with an expansive 8,169 sqft lot—ranking in the elite top 4% for the neighbourhood—the property provides substantial room both indoors and out.
The appeal lies in this rare combination of a larger-than-average home on a much larger-than-average lot for the area, suggesting potential for privacy, outdoor enjoyment, or future expansion. Its assessed value is strong for the immediate locale, ranking above average on the street and in Margaret Park. The home, built in 1964, is typical of its era for the wider city but is one of the older homes on its specific street.
This property would best suit buyers who prioritize interior space and yard size over a newer build. It’s ideal for someone looking for a established home with room to grow in a mature neighbourhood, potentially offering more value in terms of square footage than newer constructions nearby. It may also appeal to those who see the lot size as a long-term asset.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It is notably larger than most. The living area is in the top 2% for the Margaret Park neighbourhood, meaning it has more interior space than 98% of comparable homes in the area.
2. Is the lot size a significant feature?
Yes. The 8,169 sqft lot is a standout, ranking in the top 4% for the neighbourhood. This is a much larger parcel than the typical lot in Margaret Park, which averages around 5,139 sqft.
3. The home was built in 1964. Should I be concerned?
The build date is around the citywide average but is older than most on Sly Drive. This is typical for the area and suggests a mature, established streetscape. Buyers should factor in a thorough inspection common for homes of this age.
4. What does the sold price history indicate?
The home sold between $300k-$350k in 2020. Market conditions have changed since then, so this provides a historical anchor point rather than a current valuation. The exact price is available upon request from the listing service.
5. Are the property taxes likely to be high?
The assessed value of $36,900k is above average for both the street and the neighbourhood, which typically correlates with higher property taxes than nearby, smaller properties. However, it is around the citywide average for comparable homes.