Property Overview: 480 Galloway Street, Winnipeg
Key Characteristics & Appeal
This 1929 home in Robertson presents a practical opportunity in Winnipeg’s market. Its key appeal lies in its relative value and efficient use of space. At 1,053 sqft, the living area is above average for its specific street, offering comfortable room in a neighborhood of generally modest-sized homes. The standout feature is the lot size—at just over 3,000 sqft, it is among the largest on Galloway Street, providing valuable outdoor space that is less common in this setting.
The home’s assessed value of $205,000 is notably below averages for the wider neighborhood and city, suggesting a potentially lower entry point. This creates an appealing scenario: you acquire a home with a solid lot size and adequate living space in an established area, without paying the typical premium seen across Winnipeg. It suits first-time buyers seeking a foothold, value-oriented investors looking for rental properties, or downsizers who prioritize a manageable home with a decent yard over new renovations or premium finishes. Its charm is in its straightforwardness and the potential it holds, rather than in being a turn-key or luxury property.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
Based on assessed value, it ranks below the street average, which could indicate a better value proposition. However, this may also reflect the home’s condition, updates, or specific features relative to its neighbors.
2. How does the lot size compare?
The land area is a significant positive, ranking in the top 3% on Galloway Street. While smaller than many lots in wider Winnipeg, it offers generous outdoor space for this specific block.
3. What might the below-average assessed value indicate?
A value below neighborhood and city averages can signal a more affordable entry point. Prospective buyers should investigate whether this correlates with the home’s condition, potential for updates, or simply its smaller size compared to the broader market.
4. How old is this home compared to others in the area?
Built in 1929, it is older than the average home in both Robertson and Winnipeg. This is typical for the immediate street but suggests buyers should pay attention to the condition of foundational elements and major systems common to homes of this era.
5. Where can I find verified past sale prices for this property?
The site notes that exact sold price data is not displayed publicly due to industry rules. You can request a manual lookup by email to receive the full transaction history and exact figures directly.