452 Penninghame Street

Property Overview: 452 Penninghame Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a classic 1921 bungalow in Robertson, offering a practical entry point into Winnipeg's housing market. With 848 square feet of living space on a 3,001 square foot lot, its size is typical for Penninghame Street but sits below the averages for the wider neighborhood and city. This positions it as a more manageable and affordable property, particularly for those who don't require extensive square footage.

The primary appeal lies in its value and location within an established community. With a 2024 assessed value of $202,000—significantly below city and neighborhood averages—it represents a lower financial barrier to entry. Its recent sale in 2024 within the $200k-$250k range confirms its status as a budget-conscious option. The home suits first-time buyers, downsizers, or investors seeking a straightforward, no-frills property. A thoughtful perspective is that its 1921 build date, while the oldest on its street, offers a tangible connection to Winnipeg's architectural history and may appeal to those who appreciate character over modern construction. However, this also suggests potential maintenance considerations common to century-old homes.

Section 2: Frequently Asked Questions

1. How does this home's size compare to its neighbors?
At 848 sqft, the living area is very close to the street average (798 sqft) but smaller than most homes in the broader Robertson neighborhood and Winnipeg overall, indicating a cozy, efficient layout.

2. Is the assessed value a good indicator of the market price?
The assessed value ($202k) is a municipal valuation for tax purposes. The home sold for between $200k and $250k in 2024, suggesting the assessment is a reasonable baseline, but market conditions always determine the final sale price.

3. What should I consider about the 1921 build year?
As the oldest home on the street, it may possess unique character but likely requires a diligent inspection. Key systems like wiring, plumbing, and the foundation should be evaluated for updates and overall condition.

4. How does the lot size impact potential?
The lot is average for the street but smaller than most in the area. This means lower maintenance but may limit expansion possibilities like a large addition or garage, depending on zoning bylaws.

5. Where can I get verified historical sale data?
The provided sold price ranges are based on public data. For exact sale figures and a full transaction history, you must request a manual lookup from the site via email, as MLS records are not displayed here.