Property Overview: 384 Galloway Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a practical, no-frills property that represents an accessible entry point into Winnipeg’s housing market. Built in 1925, its 924 sqft living area is modest but competitive for its immediate street and the Robertson neighborhood, where it ranks around the average. The lot size is also typical for the street.
The primary appeal lies in its value proposition. With an assessed value significantly below averages for the street, neighborhood, and city, it presents a lower financial barrier to entry. This is underscored by its recent sold price range, which placed it in the lower tiers city-wide. It suits first-time buyers, investors seeking a rental property, or those prioritizing minimal mortgage debt over size or modern finishes. A thoughtful perspective is that its older vintage and smaller scale could mean lower utility costs and less space to maintain, aligning with a simpler, more efficient lifestyle. However, buyers should be prepared for a home that may require updates and offers less space than the typical Winnipeg house.
Section 2: Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
While the assessed value is notably low, the recent sold price range suggests the market price may be higher. Assessments are for tax purposes; market conditions, property condition, and buyer demand ultimately determine sale price.
2. How does the living space compare to nearby homes?
The living area is quite standard for Galloway Street itself but is below the broader neighborhood and city averages. It’s a compact home, similar in scale to many immediate neighbors but smaller than many newer builds in Winnipeg.
3. What might the below-average rankings for year built indicate?
Being older than most comparable homes in the area suggests potential for character but also a higher likelihood of aging components (like plumbing, electrical, or the roof) needing attention or renovation.
4. The lot size is average for the street but below average for the area. What does this mean?
It means the yard space is typical for this specific block of Galloway Street, but larger lots can be found elsewhere in Robertson. It’s a standard city lot without extra land.
5. How can I get the exact sold price from 2024?
The exact sold price is not published publicly on this site due to industry rules. You can request it by email using the provided form, and the team will manually look up and send the verified figure.