Property Overview: 27 Sinnott Street, Winnipeg
Key Characteristics & Appeal
This 1,200 sqft bungalow, built in 1975 on a 6,185 sqft lot in River West Park, presents a solid, value-oriented opportunity. Its appeal lies in its efficient scale and strong citywide value proposition. While the living space and lot size are below average for its immediate street and neighborhood, the home's assessed value of $441k is above the Winnipeg average, suggesting it may offer more house for your dollar compared to the broader market. This creates an interesting dynamic: it's a competitively priced entry into a established neighborhood for those who prioritize value and lot potential over sheer size.
The property would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space. It’s also a candidate for buyers with a vision for expansion or renovation, given the lot size is generous by city standards. The historical sale data indicates steady value, making it a practical rather than speculative purchase.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,200 sqft, the living area is below the average for both Sinnott Street and the wider River West Park neighborhood. However, it is very close to the average home size across the entire City of Winnipeg.
2. Is the assessed value reasonable for the area?
The assessed value is around the average for the street and neighborhood. Notably, it ranks above average citywide, indicating you may get more property value here compared to many other parts of Winnipeg.
3. What is the potential for future expansion?
The 6,185 sqft lot is larger than the typical Winnipeg lot, providing a significant advantage. This below-average neighborhood lot size becomes an above-average asset citywide, offering clear potential for additions, a garage, or outdoor living spaces.
4. What do past sales tell us about the property’s value trend?
The home sold in 2016 and again in 2017, with sold prices consistently placing in the top tiers for the area at those times. This suggests a history of holding its value well within its local market.
5. How can I verify the exact historical sold prices?
The site provides sold price ranges. Due to industry rules, exact sold prices are not displayed publicly. You can request the exact figures via email from the site provider, who will manually look up and send the verified transaction history.