Property Overview
539 Sly Drive presents a well-situated home in Winnipeg's Margaret Park neighbourhood. Its primary appeal lies in offering above-average space and land for the area, housed within a character home from the 1960s. The property suits buyers looking for a established home with room to grow or garden, who value a lot size that stands out in the broader community, and who are comfortable with a home of vintage construction that may require updates.
Key Characteristics & Appeal
This home offers 1,220 sqft of living space, which is competitive for both its immediate street and the Margaret Park area. Its most distinctive feature is the land: at over 8,100 sqft, the lot size ranks in the top 3% for the neighbourhood, providing exceptional outdoor space that is rare for the area. The assessed value is consistently above average for the street and neighbourhood, suggesting a solid perceived value relative to nearby properties.
The home’s appeal is grounded in space and location. It’s a property for those who prioritize a generous, private yard over a newly built interior. It would suit a practical buyer—perhaps a family, a gardener, or someone wanting room for a workshop or addition—who sees the potential in the sizable lot and is prepared for the maintenance or modernization that comes with a home built in 1966. The sales history indicates steady market interest, with the last sale occurring in the 2022-2025 period.
Frequently Asked Questions
1. How does the lot size compare to typical Winnipeg properties?
The lot is significantly larger than average. At 8,186 sqft, it ranks in the top 11% citywide, where the average comparable lot is about 6,570 sqft.
2. Is the home’s assessed value high for the area?
Yes. The assessed value of $35,900 ranks in the top 12% for the Margaret Park neighbourhood, indicating it is considered above average compared to most nearby homes.
3. What should I consider about a home built in 1966?
While the construction year is typical for the street and city, a home of this age may have original major systems (like plumbing, electrical, or roofing) that could be nearing or past their typical lifespan, so a thorough inspection is advised.
4. How stable has the property’s value been?
Based on available sold price ranges, the property appreciated between its 2020 and 2022-2025 sales, moving from the $250k-$300k range to the $350k-$400k range.
5. Where can I see more detailed comparisons with neighbouring properties?
You can use the provided neighbourhood analysis page to map and compare this home with others on the street and in Margaret Park based on year built, living area, assessed value, and lot size.