Property Overview: 422 Galloway Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and established character in Winnipeg's Robertson neighborhood. Its primary appeal lies in offering more living area than most nearby homes—at 1,141 sq ft, it ranks in the top 11% on its street and top 16% in the neighborhood—while maintaining an assessed value that is very competitive on its block. This suggests you get a relatively spacious house for the street's typical price point.
Built in 1914, it is one of the older homes in the area, which may appeal to buyers seeking classic construction and established streetscapes, but it also implies a need for diligent inspection regarding updates and maintenance. The lot size is standard for the street but smaller than newer neighborhood and city averages, resulting in a lower-maintenance yard.
The data indicates this property suits a practical buyer who prioritizes interior space over a large yard or a modern build date. It’s a strong candidate for someone looking to enter a mature neighborhood, getting above-average square footage for the immediate area without the premium price of a citywide average home. Its value is highly localized: it stands out positively on its own street but appears more modest in broader city comparisons, making it a smart find for those focused on specific community value.
Frequently Asked Questions
How does the sold price compare to the assessed value?
The home sold between $250,000-$300,000 in April 2022. Its current assessed value is $263,000, which is above the street average but around the neighborhood average. This indicates its valuation is consistent with recent market activity in Robertson.
What does the "Below Average" year built ranking mean for me?
Built in 1914, this home is older than 92% of comparable houses on its street and 97% in Robertson. This isn't uncommon for central neighborhoods but means potential buyers should pay particular attention to the condition of major systems (roof, plumbing, electrical, foundation) and any upgrades that have been made over the years.
Is the living area truly "Above Average"?
Yes, notably so for its immediate location. While near the citywide average, it offers significantly more space than most direct neighbors (average 877 sq ft on the street) and homes in Robertson (average 977 sq ft). This is one of its clearest advantages.
Why is the citywide assessed value ranking "Below Average"?
The assessed value of $263k is below the Winnipeg average of ~$390k because this is not a new, suburban, or large-lot home. This reflects its older age, smaller lot size by city standards, and its location. It highlights the property's affordability within the wider market.
How reliable is the sold price data provided?
The sold price range is based on publicly available data, not the MLS. For fully verified and exact historical transaction figures, you must request a manual lookup from the site via email, as industry rules prevent the display of MLS records here.