Property Overview: 460 Sly Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 460 Sly Drive is a practical, mid-century bungalow built in 1967, situated on a notably generous lot. Its primary appeal lies in its land: at 7,390 sqft, the property offers significantly more outdoor space than most homes in both the wider city and the Margaret Park area, ranking in the top 6% locally. This presents a substantial opportunity for gardening, expansion, or simply enjoying a larger private yard.
The house itself, at 1,040 sqft of living area, is modest and functionally sized, slightly below average for its immediate street but aligned with typical city-wide footprints. Its assessed value is consistent with the local area. This creates a clear value proposition where the land asset is a standout feature relative to the dwelling.
This property would suit a first-time buyer or a practical downsizer looking for a solid foundation in a stable neighbourhood. It’s particularly well-matched for a buyer with a long-term vision who values outdoor potential over immediate move-in luxury, or for someone comfortable with a home that may require updates over time to modernize the 1960s layout and finishes.
Section 2: Frequently Asked Questions
1. How does the lot size compare to nearby properties?
The lot is a key advantage. At 7,390 sqft, it is larger than approximately 94% of lots in the Margaret Park area, offering rare outdoor space for the neighbourhood.
2. Is the living space smaller than other homes on the street?
Yes, at 1,040 sqft, it ranks in the lower third for living area on Sly Drive itself, where comparable homes average about 1,205 sqft. However, it is very close to the average home size across the entire city.
3. What is the likely condition of a home built in 1967?
Built 59 years ago, this home is newer than most on its street. While this can suggest potentially newer core systems than older neighbours, a home of this age will very likely require attention to original components like windows, roofing, plumbing, and electrical to meet modern standards.
4. Why is there a range for the 2023 sold price, and how can I get the exact figure?
The displayed sold price range is based on public data. The exact sale price is not publicly disclosed in Manitoba. You can request the precise figure via email from the site; they provide it manually as a service without marketing spam.
5. Does a higher assessed value mean the property is overpriced?
Not necessarily. The assessed value ($33.60k) is for municipal tax purposes and is not a market valuation. It is consistently around the average for the street and neighbourhood, indicating the home is assessed in line with its immediate peers. Market value is determined by current sale prices and buyer demand.