Property Overview: 471 Sly Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 471 Sly Drive is a classic 1965-built bungalow in Winnipeg's Margaret Park neighbourhood. Its primary appeal lies in its generous, above-average lot size of approximately 7,695 sqft, which ranks within the top 5% of similar properties in Margaret Park. This offers significant outdoor space and potential for gardening, expansion, or simply enjoying a larger yard than is typical. With 1,096 sqft of living space, the house itself is modest and slightly below average for its immediate street but aligns closely with the citywide average for comparable homes.
The property presents a balanced, grounded opportunity. Its assessed value is notably above average for the Margaret Park area, suggesting it is well-regarded within its local market context. The home would suit first-time buyers or practical downsizers looking for a manageable footprint without sacrificing outdoor privacy. It’s also a sensible fit for a value-oriented buyer who sees potential in the land itself, whether for long-term enjoyment or future improvement, within a stable, established neighbourhood.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others?
The lot is a standout feature. At 7,695 sqft, it is significantly larger than the average lot in both Margaret Park and Winnipeg overall, placing it in an elite tier (top 5%) for the local area.
2. Is the house smaller than others on the street?
Yes, slightly. The living area is below the average for homes on Sly Drive itself, but it is very close to the average size for similar homes across the wider Margaret Park neighbourhood and the city.
3. What does the assessed value tell us?
The assessed value of $34,400 is above the average for Margaret Park, indicating that for its area, the property is considered of relatively higher value. This often reflects factors like its desirable lot size and the general appeal of the neighbourhood.
4. When was it last sold and for how much?
The home sold between 2016 and 2025, with a recorded price range of CA$300,000–$350,000 around 2017. For the precise sale price and date, you can request the information directly via the provided email service.
5. What is the neighbourhood context like?
The data shows it's on a street of similar, mid-century homes. The "neighbourhood analysis page" feature allows for a detailed visual comparison of nearby properties by year built, size, and value to understand the specific streetscape.