Property Overview: 464 Galloway Street, Winnipeg
Key Characteristics & Appeal
This 940 sqft home, built in 1937, presents a grounded opportunity in Winnipeg's Robertson neighborhood. Its primary appeal lies in its relative value and positioning within its immediate context. On its street, the home is consistently average or better: its living space is above the street average, its lot size is in the top 8% for Galloway Street, and its assessed value aligns closely with neighboring homes. This suggests a property that holds its own in a street of similar, modestly-sized homes.
However, the broader perspective reveals its value proposition. Compared to the wider Robertson area and Winnipeg overall, the home's assessed value is notably below average, positioning it as an accessible entry point. The lot, while generous for the street, is smaller than typical for the city, which may translate to lower maintenance. It suits first-time buyers, practical investors, or downsizers seeking a straightforward home in an established area without a premium price tag. The recent 2023 sale indicates active market interest. It’s a property that makes sense on its block, offering a sense of community parity, while its city-wide rankings highlight its affordability in the broader market.
Frequently Asked Questions
1. Is this a good value compared to other homes on the street?
Yes. The home’s assessed value is very close to the street average, while its living area is slightly larger and its lot size is significantly above average for Galloway Street. This suggests you’re getting more space for a typical street price.
2. How does the property compare to the rest of Winnipeg?
It is priced well below the Winnipeg average assessed value, placing it in a more affordable tier city-wide. The trade-off is that the home and lot are smaller than the typical Winnipeg house, which is part of what keeps the price accessible.
3. What does the sale history tell us?
The home sold in late 2023, showing recent market activity. The prior sale was in 2016, indicating a typical hold period for the area. The sold price ranking improved dramatically from 2016 to 2023 on this street, suggesting growing demand or improved condition.
4. Are the sold prices shown exact?
No. The figures provided are estimated ranges. To obtain the exact, verified sold prices, you must request them directly via email from the site, as they do not have access to MLS transaction records.
5. The home was built in 1937. Should I be concerned?
The build date is typical for Galloway Street, where the average home was built in 1934. This means infrastructure and renovation challenges are common to the block. A thorough inspection is always advised for homes of this age to understand the condition of major systems.