440 Penninghame Street

Property Overview: 440 Penninghame Street, Winnipeg

Key Characteristics & Appeal

This 780 sqft home, built in 1927, presents a straightforward opportunity in Winnipeg’s Robertson neighborhood. Its primary appeal lies in its position as an accessible entry point into the market. With an assessed value of $183k—significantly below averages for the area ($269k) and city ($390.1k)—it offers a lower financial barrier to homeownership. The lot size (3,001 sqft) is typical for the street, providing standard outdoor space.

The home suits first-time buyers or practical investors seeking a functional starter property without premium pricing. Its age means potential for character, but also suggests that value may be found in updates and personalization rather than in move-in-ready finishes. A thoughtful perspective is that while its size and assessed value rank below broader averages, this very positioning can offer insulation from higher property taxes and a manageable scale for renovations. It’s a property for those who see potential in fundamentals and are comfortable in a home that is modest relative to its surroundings.

Frequently Asked Questions

1. How does the sold price compare to the assessed value?
The home sold between $150k-$200k in early 2024. This range is close to its $183k assessed value, suggesting the assessment is a relevant benchmark for its market price.

2. Is the home smaller than others nearby?
Yes. At 780 sqft, the living area is below the Robertson neighborhood average (977 sqft) and the Winnipeg average (1,342 sqft). However, it is closer to the average for Penninghame Street itself (798 sqft).

3. What does the 1927 build year mean for a buyer?
As one of the older homes on the street (ranked 36 out of 37 by year), it likely has classic construction. Buyers should budget for potential updates to older systems and prioritize a thorough inspection.

4. How does the property’s value compare to its neighbors?
Its assessed value is below the street average ($216.6k) and well below the neighborhood average. This indicates it’s a lower-valued property in the area, which can be an advantage for entry cost but may also reflect its smaller size and older age.

5. Where can I get exact historical sale prices?
The site provides sold price ranges. For fully verified, exact transaction figures, you must request a manual lookup via email, as this data is not sourced from the MLS.