Property Overview: 506 Penninghame Street, Winnipeg
Key Characteristics & Appeal
This 1950-built home in Robertson presents a compelling mix of value and potential. At 735 sqft, the living space is modest and below city averages, making it a practical, low-maintenance option. Its true standout feature is the 4,110 sqft lot, which is larger than most on the street, offering valuable outdoor space or future expansion potential in a mature neighborhood.
The appeal lies in its strong position within its immediate context. It boasts an assessed value ($277k) significantly above the street average, suggesting it is a well-regarded property on Penninghame Street. It suits first-time buyers or downsizers seeking an affordable entry into the Winnipeg market with a manageable footprint. For an investor or renovator, the generous lot size relative to the home's scale is a key asset, providing room to grow or add value in a neighborhood where many properties are on smaller plots.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, it last sold between $250k-$300k in March 2021. Its current assessed value of $277k places it in the top tier for its street, indicating its value has held strong relative to its direct neighbors.
2. Is the living space too small?
At 735 sqft, it is compact and below the Winnipeg average. This suits buyers looking for simplicity and lower utility costs. The layout and functionality of the space will be more important than the square footage alone for daily living.
3. What does the lot size mean for me?
The lot is over 4,100 sqft, which is larger than many nearby properties. This is a significant advantage, providing more yard space, better privacy, and a tangible asset for gardening, recreation, or future projects like a shed, deck, or even an addition.
4. How does the 1950 build year affect the home?
Built in 1950, it is newer than many homes on its street. While this can mean somewhat updated infrastructure compared to pre-war homes, a thorough inspection is still essential to understand the condition of major systems like plumbing, electrical, and the roof.
5. Where can I get verified sale price history?
The provided sold price is an estimate from public records. For fully verified and exact transaction history, you must request a manual lookup from the site, as they do not have access to MLS sales data.