Property Overview: 491 Penninghame Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1950-built home in Robertson presents a practical and value-conscious opportunity. With 900 sqft of living space and a notably larger-than-average lot for the street (over 4,100 sqft), it offers a solid foundation in a mature neighbourhood. Its appeal lies in its relative positioning: while its size and value are below Winnipeg’s city-wide averages, they are competitive or above-average within its immediate surroundings on Penninghame Street. This suggests you may get more house and land for your dollar here compared to nearby streets, and the home is newer than many on its block.
The property would suit first-time buyers or practical investors looking for an entry point into the market without overextending. The generous lot size is a standout feature for the street, offering potential for outdoor space or future expansion that is less common in this price segment. It’s a home for those who prioritize location-specific value over city-wide comparisons, and who see potential in a property that is a strong performer on its own street but more modest in the broader context.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, a home on this street sold between $200,000 and $250,000 in mid-2024. The assessed value of $225,000 falls within that range, suggesting it is priced in line with recent street-level activity.
2. Is the living space small?
At 900 sqft, it is comfortably above the average for Penninghame Street (798 sqft) but below the Winnipeg average. It is a manageable size for a small household, typical of many well-built post-war homes in the area.
3. What does the lot size mean for me?
The lot of 4,110 sqft is in the top 11% on this street. This provides a larger-than-typical yard for the immediate area, which could mean more privacy, gardening space, or room for additions like a shed or deck.
4. Why is the city-wide ranking for value and size lower?
This reflects the property’s position in the broader Winnipeg market. Many newer suburban developments and larger home styles pull the city-wide averages up. This home represents a different, often more affordable segment of the market common in established neighbourhoods.
5. How can I verify the exact sold price of this or nearby homes?
The site provides sold price ranges based on public data. For fully verified figures and exact transaction histories, which are not displayed due to industry rules, you must request a manual lookup via email from the service.