Property Overview: 391 Penninghame Street, Winnipeg
Key Characteristics & Buyer Profile
This home presents a straightforward, entry-level opportunity in Winnipeg's Robertson neighborhood. Its primary characteristic is its compact size, with a living area of 628 sqft that places it below average for the street, area, and city. Built in 1931, it is typical for its immediate block but older than many homes across Winnipeg. The assessed value of $182k is notably below city and neighborhood averages, reflecting its scale and positioning in the market.
The appeal lies in its affordability and efficiency. It represents one of the more accessible price points in the city, suitable for a first-time buyer, an investor, or someone seeking a minimalist footprint with lower carrying costs. The lot, while below area averages, is a manageable size for low-maintenance outdoor space. A thoughtful perspective is that its below-average metrics across the board may offer a buffer against market fluctuations, as it is already priced at a foundational level. This property would suit practical buyers whose priority is securing a foothold in the market rather than finding a move-in-ready or spacious home. It’s a candidate for someone comfortable with a cozy layout or viewing it as a strategic starting point.
Frequently Asked Questions
1. Why is the assessed value significantly lower than the city average?
The assessed value correlates strongly with the home's smaller-than-average living area and lot size, which are the primary factors differentiating it from the broader Winnipeg market.
2. What does the "Sold Price Range" of CA$150k–200k indicate?
This range, based on public data from early 2022, shows the home sold within a competitive bracket for its size and area. It confirms the property transacts as an affordable, entry-level option.
3. How does this home compare to others on the same street?
It is consistent with the street's older, modestly sized homes. Its living area and lot are slightly smaller than the street average, while its year built and assessed value are fairly typical for Penninghame Street.
4. Is the smaller living area a concern for resale?
It defines the property's niche. While it limits the pool to buyers seeking smaller homes, it also maintains a lower price barrier, which can be a consistent advantage in the affordable segment of the market.
5. How can I get the exact historical sold prices?
The site does not display MLS records. You can request the exact sold price history by emailing the provided contact; they will manually look up and send the verified figures.