Property Overview

This 1,053-square-foot home, built in 1987 on a 3,498-square-foot lot, sits on Tallman Street in Winnipeg’s Tyndall Park neighbourhood. What stands out isn’t the size—the living area and lot both fall in the middle to lower range locally—but the assessed value relative to price. At $376,000, it ranks in the top 23% on the same street and top 16% within Tyndall Park, which suggests the market sees something solid in this property’s condition or location that isn’t fully reflected in its square footage alone.

The appeal here is pragmatic: you’re getting a home that holds its value well compared to nearby properties, even though it’s not the largest or newest option. It would suit buyers who prioritize long-term stability over space—first-time homeowners wanting to avoid overpaying for a bigger house they don’t need, or someone downsizing who still wants a decent lot without excessive maintenance. The 1987 build date also means it’s old enough to have settled well but young enough that major systems likely have some life left, depending on upkeep.

Frequently Asked Questions

1. How does the property’s size compare to similar homes in Winnipeg?
Both the living area (1,053 sqft) and lot size (3,498 sqft) rank below average for the city—living area is in the bottom third, and land size is even lower. On its own street, it’s slightly smaller than the average home there too.

2. Is the assessed value of $376,000 a good sign for resale?
Yes, relatively speaking. The assessment is higher than the average on Tallman Street ($360,000) and well above the Tyndall Park average ($337,000), while still below the Winnipeg average ($390,000). This suggests the home holds value better than many neighbours.

3. What does “top 16% in the region” mean for the assessment ranking?
It means that among the 3,451 properties in Tyndall Park, this home’s assessed value is higher than about 84% of them. That’s a strong position, especially given its living area is only near the middle of the neighbourhood.

4. Is a 1987 home likely to need major renovations soon?
Not necessarily, but it depends on maintenance history. A home built in the late 1980s may have original roofing, windows, or HVAC systems reaching end of life, but updates aren’t guaranteed. A pre-purchase inspection is wise.

5. What kind of buyer would get the most value from this property?
Someone looking for a reasonably priced home in a stable area, where the value-to-size ratio is favourable. It’s less suited for buyers seeking maximum square footage or a large yard, but ideal for those who want a solid asset without paying a premium for extra space.