Property Overview: 501 Tinniswood Street, Winnipeg
Key Characteristics & Appeal
This 828 sqft home, built in 1956, presents a practical and affordable entry point into Winnipeg’s Robertson neighborhood. Its key appeal lies in its value positioning. With an assessed value of $239k, it sits below average for the street, area, and city, offering a lower barrier to entry. The home is notably newer than many in its immediate vicinity, which can suggest updates or a potentially lower need for major system overhauls compared to older peers.
The property suits first-time buyers, downsizers, or investors seeking a straightforward, no-frills asset. Its smaller living area and the lot size—the smallest on Tinniswood Street—mean lower maintenance demands and utility costs, which is a distinct advantage for those prioritizing simplicity and budget management. The appeal here is utilitarian: it’s a cost-effective foothold in a established neighborhood, not a spacious family estate. A thoughtful perspective is that its compact footprint and below-average price may offer greater resilience in slower markets, as affordable housing often remains in steady demand.
Frequently Asked Questions
1. Is the price fair compared to recent sales?
Based on available data, the home last sold between $250k-$300k in early 2022. The current assessed value of $239k is below that range and ranks below local averages, suggesting the asking price may be positioned competitively for the area.
2. What are the main compromises for the lower price?
The primary trade-offs are space and lot size. The living area is smaller than most homes on the street and in Winnipeg overall. The lot is also the smallest on the block, which means limited outdoor private space and less potential for expansions.
3. Being newer than neighbors (1956), does that mean it’s updated?
Not necessarily. “Newer” here is relative; a 1956 home will still require due diligence on the age of its roof, wiring, plumbing, and windows. The date primarily indicates it’s younger than the neighborhood’s older housing stock, but a professional inspection is essential.
4. Who would this property not suit well?
It may not suit buyers needing multiple bedrooms, dedicated home office space, or those who desire a large yard for gardening or recreation. Families planning for growth might find it cramped.
5. How can I verify the exact past sale prices?
The site provides sold price ranges for general reference. To obtain fully verified and exact historical sale figures, you must request a manual lookup via email, as this data is not sourced from the MLS system.