Property Overview: 50 Sinnott Street, Winnipeg
Key Characteristics & Appeal
This home at 50 Sinnott Street in River West Park is a standout property in several key metrics. Built in 1976, it is newer than most comparable homes on its street and in the wider city. Its primary appeal lies in its generous living space of 1,888 sq ft, which ranks well above average for both the street and Winnipeg overall, offering more room than many similar properties. With an assessed value of $545,000, it sits in the top tier of its immediate area, indicating strong perceived value relative to its neighbors.
The property would suit buyers looking for a well-sized, established home in a mature neighborhood who value space over land. It’s particularly compelling for those who prioritize interior square footage and a newer build date within its context, as the home trades a slightly smaller lot size for a more substantial and modern structure. A thoughtful perspective is that this home represents a "value anchor" on Sinnott Street—its high assessment suggests it may help buoy the perceived worth of nearby properties, offering a degree of investment stability.
Frequently Asked Questions
1. How does the lot size impact this property?
While the land area is slightly below the average for Sinnott Street and the River West Park neighborhood, it is close to the citywide average. This typically means a more manageable yard with less maintenance, while the living space is significantly larger than average, shifting the value proposition to the home itself.
2. What do the sold price ranges from 2016 indicate?
The historical data shows the property sold within the $400k-$450k range in 2016. The substantial increase to its current $545k assessment reflects broader market appreciation and likely improvements, highlighting its growth in value over the past decade.
3. Is the assessed value a reliable indicator of market price?
The assessed value is a strong indicator for municipal tax purposes and reflects its standing relative to peers—ranking in the top 8% on its street. However, market price is determined by current conditions, buyer demand, and the property's specific state, so a professional appraisal and market analysis are recommended.
4. What does the "newer" build year mean for a 1976 home?
In this context, "newer" is relative. Being one of the most recently built homes on the block suggests it may have benefited from slightly updated construction standards or materials for its era compared to immediate neighbors, potentially meaning fewer age-related issues.
5. How can I verify the exact historical sold prices?
The site notes that exact sold prices are not displayed publicly due to industry rules. You can request the full transaction history and exact figures via email from the provider, who will manually look up and send the verified data.