Property Overview: 470 Robin Hood Crescent, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Robin Hood Crescent in Munroe East presents a specific and practical value proposition. Built in 1956, it is notably the oldest home on its street, which may appeal to buyers interested in classic character or potential heritage. The living space (912 sq ft) is compact, ranking below average for the area and city, suggesting a efficient, manageable layout.
The property’s primary strength is its generous lot size. At nearly 6,000 sq ft, the land parcel is well above average for Munroe East, offering significant outdoor space and potential for gardens, expansion, or future development, subject to zoning. The assessed value is consistent with area averages, indicating a stable, mid-range investment without premium pricing.
This home would best suit practical buyers such as first-time homeowners seeking an entry point into the neighbourhood, downsizers looking for a manageable home with a large yard, or value-oriented investors attracted by the land-to-building ratio. Its appeal lies in its grounded price point, the utility of its lot, and the stability of an established, mature neighbourhood.
Section 2: Frequently Asked Questions
1. How does the age of the home affect its value and condition?
Being the oldest on the street (1956) can be a double-edged sword. It may offer classic architectural details but likely requires a thorough inspection for aging components like plumbing, electrical, and the foundation. Its "elite" ranking for age here simply means it's the first built on the block.
2. What does the above-average lot size mean for me?
The 5,942 sq ft lot is a standout feature, offering more private outdoor space than 87% of properties in Munroe East. This allows for larger gardens, recreational space, or future projects like a shed, deck, or even an addition, providing flexibility that smaller lots do not.
3. The living area is below average. How will that impact daily life?
The 912 sq ft layout will require efficient use of space. It is well-suited for individuals, couples, or small families comfortable with cozier quarters. It emphasizes function over spaciousness, which can mean lower utility costs and less maintenance.
4. The last sold price range shows $250k-$300k in 2018. How useful is that today?
While it provides a historical benchmark, market conditions have likely shifted since 2018. This data is a starting point, but a current market evaluation is essential to understand today's value, especially given changes in interest rates and local market dynamics.
5. How does the assessed value relate to the likely selling price?
The assessed value ($30,800) is for municipal tax purposes and is typically lower than market value. It confirms the home is not in a premium tax bracket. The actual selling price will be determined by current buyer demand, the home's condition, and recent sales of comparable properties.