Property Overview: 472 Sly Drive, Margaret Park, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1965, presents a solid, average-sized living space of 1,145 sqft on a notably generous 6,134 sqft lot within the Margaret Park neighbourhood. Its primary appeal lies in the land itself—the lot size ranks well above average for both the wider city and the local area, offering significant outdoor space and potential that is increasingly rare. The assessed value is above average for Margaret Park, suggesting the property is well-regarded within its immediate community.
It’s a property that suits practical buyers who value space and location over a modern, turn-key home. It would appeal to someone looking for a manageable-sized house with room to garden, expand, or simply enjoy a larger yard in a established neighbourhood. The data indicates it’s not an outlier in size or assessed value, but rather a stable property whose standout feature is its substantial lot, making it a sensible choice for long-term living with room to grow.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is above the average for the Margaret Park area, indicating it is likely in line with or slightly exceeds the norm for the neighbourhood, though it is around average when compared to the immediate street and the wider city.
2. What is the significance of the lot size?
At over 6,000 sqft, the lot is a key feature. It ranks in the top 19% within Margaret Park and the top 28% citywide, meaning it offers more outdoor space than most comparable properties, which is a significant advantage for privacy, recreation, or future projects.
3. When was it last sold and for approximately how much?
Public records indicate a sale occurred between 2021 and 2025, with an approximate price range of CA$350,000 to $400,000. For the precise sale price and date, you can request the information directly via the provided email service.
4. Is the living space considered large for the area?
At 1,145 sqft, the living area is slightly below the current average for Margaret Park but is very close to the average for the specific street. It represents a comfortable, mid-sized footprint typical of many homes from its era.
5. What does the "above average" assessment in Margaret Park imply?
An assessed value ranking above the neighbourhood average often reflects a combination of the property’s condition, its desirable lot size, and its positioning within the local market. It suggests the property is a competitive offering within this specific community, even if it appears average in broader comparisons.