Property Overview: 468 Galloway Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a straightforward, entry-level opportunity in Winnipeg's Robertson neighborhood. Its primary appeal lies in its affordability and a lot size that is generous for the street. At 640 sqft, the living space is compact—significantly below area and city averages—making it a classic "starter" home or a practical investment property. The assessed value of $225k is very typical for Galloway Street but sits below the wider neighborhood and city averages, indicating a competitively priced point for this specific location.
The standout physical feature is the 3,001 sqft lot, which ranks in the top 8% on its street. This offers valuable outdoor space and potential for gardening, expansion, or simply more breathing room than many neighboring properties. Built in 1928, the home is of a similar vintage to others on the block, suggesting a streetscape of consistent character.
This property would best suit a first-time buyer or an investor with a realistic budget for a smaller, older home that needs only cosmetic updates or is ready for a careful, value-adding renovation. It’s less suited for those requiring ample indoor living space or modern, move-in-ready finishes. The recent sale in the $200k-$250k range reinforces its position as an accessible option in the current market.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 640 sqft, the living area is below average for the street, neighborhood, and city. This is a notably compact home, which is a key factor in its accessible price point.
2. Is the assessed value a good indicator of the sale price?
The assessed value of $225k is a municipal valuation for tax purposes. The home recently sold for between $200,000 and $250,000, showing the assessment was broadly in line with the market transaction.
3. What is the advantage of the larger lot?
While the house itself is small, the lot size of 3,001 sqft is above average for Galloway Street. This provides more private outdoor space than many nearby homes and could be a long-term asset for expansion or landscaping.
4. What should I consider about the home's age (1928)?
Built in 1928, the home is older than the neighborhood and city averages. Prospective buyers should budget for maintenance and updates typical of a century-old structure, such as potential updates to wiring, plumbing, or insulation.
5. How can I get the exact past sale price?
The public data shows a sale price range. Due to industry rules, exact sale figures are not published online here. You can request the precise sale history by email, and it will be provided manually without obligation.