Property Overview: 492 Galloway Street, Winnipeg
Key Characteristics & Appeal
This home at 492 Galloway Street presents a compelling mix of space, value, and established neighborhood character. Built in 1929, its key strength is its generous living area of 1,440 sqft, which ranks in the top 3% for its immediate street and the wider Robertson neighborhood. This makes it a notably spacious option compared to many nearby homes. The lot size, while modest by city standards, is also among the largest on Galloway Street.
The appeal lies in its positioning as a larger-than-average home on its block for a below-average assessed value relative to both the neighborhood and Winnipeg as a whole. This creates an opportunity for buyers seeking more interior space without a premium price tag, especially when compared to newer or more centrally located city properties. It would suit a practical buyer—perhaps a first-time homeowner, an investor, or a downsizer—who prioritizes functional square footage over a newer build or a large yard. The data suggests a property that stands out on its own street for size, but is a more typical, value-oriented option within the broader market.
Frequently Asked Questions
1. Is this a good value for the money?
Based on the assessed value and recent sold price data, this home appears to be priced below the neighborhood and city averages for comparable properties. Its above-average living space for the area contributes to its value proposition.
2. How does the age of the home (1929) affect it?
The home is older than most in Robertson and Winnipeg. This typically means potential for character details, but also necessitates a thorough inspection for aging components like wiring, plumbing, and the foundation. Modernization updates may be needed or may have already been completed.
3. What does the sold price history show?
Public records indicate it sold between $200,000 and $250,000 in July 2023. This range places it in the top 22% of sold prices on Galloway Street but in the lower tiers for the wider city, highlighting its street-level desirability and broader market affordability.
4. How does the lot size compare?
At just over 3,000 sqft, the lot is among the largest on Galloway Street but is below average for both the Robertson neighborhood and Winnipeg. This means smaller outdoor space than many other areas offer, but a fairly standard or even generous yard for this specific street.
5. Where can I get exact sale price figures?
The website does not display exact MLS sold prices due to industry rules. You can request the exact sale history by emailing the site directly for a manual lookup, which they provide without using your email for marketing.