Property Overview

This home at 380 Penninghame Street presents a distinct value proposition within Winnipeg's Robertson neighborhood. Its appeal lies in its strong positioning on its specific street, offering more space and a larger lot than many immediate neighbors, while carrying an assessed value that is modest relative to broader city averages.

Key Characteristics & Ideal Buyer

The property’s standout feature is its generous 1,016 sqft living area, which ranks in the top 5% on its street and is above the neighborhood average. This is complemented by a lot size of 4,226 sqft, which is notably larger than most on Penninghame Street. Built in 1929, it is an older home in an area of older housing stock. The assessed value of $238k is around average for the street but sits below the averages for both the Robertson neighborhood and Winnipeg as a whole, suggesting a potentially accessible entry point.

This home would suit a pragmatic, value-oriented buyer—perhaps a first-time homeowner or an investor—who prioritizes interior and land space over a modern build date. Its appeal is less about luxury and more about acquiring above-average physical assets for the immediate area at a manageable price point. The buyer should be prepared for the realities and potential maintenance of a near-century-old home, viewing it as a solid foundation rather than a turn-key property.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is not a direct market appraisal. However, it provides a useful benchmark. Here, it indicates the home is valued below wider area averages, which can signal a value opportunity, but the final sale price will be determined by current market conditions.

2. How does the older construction year (1929) impact this property?
It places the home among the older ones on the street and in the city. This typically means potential for character but also a greater need for scrutiny regarding updates to major systems like wiring, plumbing, and insulation. It may appeal to those comfortable with renovation projects.

3. The home ranks well on its street but lower in the broader area. What does this mean?
It indicates you are buying one of the larger, more substantial properties on a specific block—a relative standout on Penninghame Street. The lower rankings at the city level simply reflect that it’s a modest, older home in an affordable neighborhood compared to Winnipeg's full market spectrum.

4. What can the past sold price (2016) tell me?
The previous sale in the $150k-$200k range provides a historical baseline, showing significant appreciation in assessed value since then. It underscores the importance of getting current, exact sales data for comparable homes to understand today's market value.

5. How do I find out the exact past sale prices and detailed history?
The provided data is from public records. For fully verified transaction history and exact figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry rules.