Property Overview: 428 Galloway Street, Winnipeg
Key Characteristics & Appeal
This home at 428 Galloway Street is a classic, early 20th-century residence built in 1915, offering a practical footprint of 858 square feet on a standard 3,000 sqft lot. Its assessed value of $235,000 positions it as an affordable entry point into the Robertson neighborhood, significantly below both the citywide and local area averages for home values.
The primary appeal lies in its value proposition and location. It represents a competitively priced option on its own street and suits buyers seeking a lower-barrier entry into homeownership, or investors looking for a straightforward rental property. The home’s vintage suggests potential for character, but also implies that updates and maintenance should be carefully considered. A thoughtful perspective is that while its size is modest by modern standards, it aligns well with the efficient, lower-maintenance living that appeals to first-time buyers, downsizers, or those prioritizing financial flexibility over square footage. The recent sale in mid-2024 within the $200k-$250k range confirms its position in this accessible market segment.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 858 sqft, the living area is very close to the average for Galloway Street itself but is below the averages for both the broader Robertson neighborhood and the city of Winnipeg. It’s a compact, efficient layout.
2. Is the assessed value a reliable indicator of the market price?
The assessed value ($235k) is for municipal tax purposes and is a historical snapshot. The home sold for between $200,000 and $250,000 in July 2024, which provides a more current market benchmark and shows it transacting near its assessed value.
3. What should I consider about a home built in 1915?
A home of this age likely has character but may require careful attention to foundational, electrical, plumbing, and insulation systems. Modernizations and upkeep over the years will be a key factor in its condition. It is notably older than most homes on its street and in the area.
4. How does the lot size impact potential?
The 3,000 sqft lot is typical for the street but is smaller than most in Robertson and significantly smaller than the Winnipeg average. This means outdoor space is limited, but it also translates to less yard maintenance.
5. Where can I find the exact sale price?
The public data shows a sold price range. To obtain the exact sale figure, you must request a manual lookup from the site provider, as they do not display MLS sold records due to industry rules.