Property Overview: 503 Tinniswood Street, Winnipeg
Key Characteristics & Appeal
This is a modest, mid-century home in Winnipeg's Robertson neighborhood, built in 1950. Its primary characteristic is its compact and efficient scale. At 735 sqft, the living area is notably smaller than averages for the street, neighborhood, and city, positioning this property as an affordable entry point into the market. The assessed value of $261k is very close to the local averages on Tinniswood Street and in Robertson, but sits significantly below the Winnipeg citywide average, highlighting its relative value within a more established urban area.
The appeal lies in its practicality and location. It suits first-time buyers, downsizers, or investors seeking a lower-maintenance property without a large renovation project. The lot size, while below the street average, is manageable. A thoughtful perspective is that this home represents a "right-sized" option in a city where newer builds tend to be larger and more expensive. It offers the chance to own a detached home in a mature community without the premium price tag or upkeep of a bigger property, making it a strategic choice for building equity or managing living costs.
Frequently Asked Questions
1. Is the living area too small?
At 735 sqft, the home is compact. It's best suited for individuals, couples, or small families comfortable with efficient living spaces. Its size is a key factor in its affordability.
2. How does the value compare to nearby homes?
The assessed value is very aligned with the local Robertson area average. It's considered around average for the immediate street, suggesting it's priced consistently with its direct neighbors.
3. What is the neighborhood like?
Robertson is a mature, established neighborhood. The similar age and value of nearby homes on Tinniswood Street indicate a stable, uniform streetscape typical of many Winnipeg core communities.
4. Are sold prices available for this home?
Public records indicate it sold between $250k-$300k in August 2021. For fully verified and exact historical transaction figures, a manual lookup through the site is required due to data source regulations.
5. What are the less obvious considerations?
While the home itself is smaller, the lot provides outdoor space. Buyers should consider the potential for future expansion (subject to zoning) or garden use. Additionally, its value being below the citywide average may indicate a more manageable property tax burden compared to newer or larger homes in suburban areas.