Property Overview: 418 Sinclair Street, Winnipeg
Key Characteristics & Appeal
This is a compact, early 20th-century home in Winnipeg's Robertson neighborhood, built in 1911. With 994 square feet of living space on a 3,000 sqft lot, it sits below area averages for both size and land. Its assessed value of $224k is notably lower than averages on its street, in the neighborhood, and across the city, positioning it as an accessible entry point into the market.
The primary appeal lies in its value proposition. It suits first-time buyers or investors seeking a lower-cost foothold in Winnipeg, where the price point is well below typical city benchmarks. The home’s age suggests potential for character, but also implies that maintenance and updates should be carefully considered. A thoughtful perspective is that while the lot is smaller than most, it may offer manageable upkeep—a potential advantage for those seeking a simpler, more efficient footprint without extensive yard work. It last sold in 2017 for between $200k-$250k, indicating a relatively stable value range in recent years.
Frequently Asked Questions
1. Is this a "fixer-upper"?
Given its 1911 construction and below-average assessed value for the street, the home likely requires updates or maintenance. Buyers should budget for inspections and potential renovations, common for houses of this era.
2. Why is the assessed value so much lower than the street average?
The average assessed value on Sinclair Street is $318.5k. This home’s significantly lower valuation likely reflects its smaller size, older age, and potentially different condition or features compared to neighboring properties.
3. What does the living area ranking mean for daily life?
At 994 sqft, the home is cozy. It ranks around the neighborhood average but below the street and city averages. This suggests efficient, simpler living suited to individuals, couples, or small families who prioritize affordability over space.
4. How reliable is the sold price data shown?
The site states sold prices are based on public internet data, not the MLS, and are presented as a range unless you request exact figures. For fully verified transaction history, you must contact the site directly for a manual lookup.
5. Are the nearby "For Reference" properties good comparisons?
They provide context for price, size, and age in Robertson. For example, nearby homes on Sinclair and Galloway Streets show similar ages and assessed values, confirming this property is representative of the older, more modestly valued segment of the neighborhood.