464 Penninghame Street

Property Summary: 464 Penninghame Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, character home built in 1929, situated on a standard-sized lot in the Robertson neighbourhood. Its key characteristic is its modest scale: at 675 sqft, the living area is notably smaller than most homes on its street, in the wider neighbourhood, and across Winnipeg. The assessed value of $201k follows a similar pattern, being around average for Penninghame Street but below the averages for Robertson and the city.

The appeal lies in its position as an attainable entry point into the market. For the price, you secure a full-sized lot and a home that is on par with others on its specific block. It suits first-time buyers, investors, or downsizers who prioritize location and land ownership over interior square footage. A thoughtful perspective is that a smaller home can mean lower utility costs, less maintenance, and a forced simplicity that suits a minimalist lifestyle. Its vintage also suggests potential for charm and original details, though it may require updates.

Section 2: Frequently Asked Questions

1. Is the living area too small?
At 675 sqft, the home is significantly smaller than the Winnipeg average. It will require efficient use of space and is best suited for individuals, couples, or those comfortable with a compact layout.

2. How does the assessed value compare?
The $201k assessment is typical for this street but is below the neighbourhood and city averages. This suggests the property is priced for its specific local context, not the broader market, which can represent a value opportunity.

3. What can the sale history tell me?
Records indicate it last sold between $150k-$200k around March 2020. For precise, verified sale figures, you must request a manual lookup from the site via email, as they do not publish exact MLS data.

4. Is the lot a good size?
The 3,001 sqft lot is near the average for Penninghame Street. While smaller than many in Winnipeg, it provides standard outdoor space for the immediate area and is not undersized for the property type.

5. What are the nearby homes like?
Immediate neighbours are very similar in age and value. The provided comparisons show nearby homes, like 436 Penninghame St., are often slightly larger and newer, helping to contextualize this property's more modest footprint and older vintage.