Property Overview: 519 Sly Drive, Margaret Park, Winnipeg
Key Characteristics & Appeal
This 1,080 sqft bungalow, built in 1965, sits on a 6,233 sqft lot on Sly Drive. Its core appeal lies in its strong positional value within the broader Margaret Park neighbourhood. While the home's living area is modest for the immediate street, its assessed value and lot size are notably above average for the area, suggesting the land itself is a significant asset. This creates an interesting value proposition: you're acquiring a home that holds its own city-wide, but whose lot is more generous than most in Margaret Park. It would suit a practical buyer looking for a solid entry into a stable neighbourhood, with the potential to update or expand the existing structure over time. It's also a sensible choice for those who prioritize outdoor space and future flexibility over immediate square footage, as the lot offers room for additions, gardening, or recreation.
Frequently Asked Questions
1. How does this home’s value compare to its neighbours?
The home’s assessed value is above average for the Margaret Park area, ranking in the top 16%. This indicates that, for the neighbourhood, it is considered a higher-value property despite the living space being slightly below the street average.
2. Is the lot size a significant feature?
Yes. The 6,233 sqft lot is a standout, ranking in the top 16% for Margaret Park and the top 27% city-wide. This is a substantial lot for the area, offering more private outdoor space than many comparable properties.
3. What is the likely price range based on recent sales?
A nearby, very similar property at 515 Sly Drive sold in 2022 for an estimated $400,000-$450,000. This provides a recent benchmark, though current market conditions must be considered.
4. How can I find out the exact historical sold prices?
The exact sold prices are not publicly displayed. You can request this information directly via the provided email form on the listing page, and the service aims to provide the accurate figures by the end of the same day.
5. What does the "below average" living area ranking mean for this street?
On Sly Drive specifically, this home's living area is in the lower third (rank 27 of 33). This means the interior space is more compact than most direct neighbours, but it is balanced by the property's strong lot size and assessed value rankings in the wider area.