Property Overview: 464 Hethrington Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a classic, no-frills opportunity in Winnipeg's Lord Roberts neighbourhood. Built in 1909, its key characteristic is its modest scale, with 810 sqft of living space on a 2,498 sqft lot—figures that are generally around or below average for its immediate street and area. The notably low municipal assessed value reflects this. Its appeal lies in being an accessible entry point into a central, established community. It suits a specific buyer: a first-time purchaser, an investor, or a downsizer seeking a straightforward, lower-cost property where the value is in the location and land, not in size or modern finishes. A thoughtful perspective is that a home of this vintage and scale offers a manageable footprint for someone interested in a gradual, DIY-friendly renovation, allowing equity to be built through sweat equity over time. It’s a practical choice for those who prioritize being in the neighbourhood over the features of the house itself.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value is a municipal valuation for tax purposes and is heavily influenced by the home's modest size, age, and specific market conditions in Lord Roberts compared to newer or larger homes city-wide. It indicates a lower tax burden but doesn't necessarily predict final sale price.
2. What does the sold price history tell me?
The home sold between $150,000 and $200,000 in 2017. This provides a historical benchmark, but the current market value will be determined by present conditions, any updates made since then, and buyer demand.
3. Is the smaller living area a concern?
It depends on your needs. For a single person, couple, or downsizer, 810 sqft can be efficient and cozy. It may feel constrained for a growing family. The rankings show it's a compact home even for its own street.
4. What are the implications of the 1909 build date?
This means the home is over a century old. It carries character and likely solid construction, but a thorough inspection is essential to understand the condition of foundational elements, plumbing, electrical systems, and insulation, which may need updating.
5. How does the lot size compare, and what does it mean?
At 2,498 sqft, the lot is slightly below average for the area but still provides a decent outdoor space for a home of this size. It suggests potential for garden space or a small addition, but not for major subdivision, keeping the property's scope intimate and manageable.