Property Overview & Key Characteristics
This home at 470 Walker Avenue in Winnipeg's Lord Roberts neighbourhood presents a compelling mix of established character and relative value. Its primary appeal lies in its generous living space of 1,390 sq ft, which ranks in the top 6% for its street and the top 14% within the neighbourhood, offering more room than most comparable local homes. Built in 1911, it is a classic property with the inherent charm and solid construction of its era. The assessed value positions it as above average for the immediate street but below the wider city average, suggesting a potential value opportunity within a desirable, established area.
The property would suit a buyer looking for a character home with ample interior space, who values a mature neighbourhood over a large lot. It's ideal for someone comfortable with the maintenance considerations of an older home but seeking more square footage than is typical in the area. The data suggests a buyer whose priority is indoor living space and neighbourhood character, rather than a sprawling yard or a brand-new build.
Frequently Asked Questions
1. How does the lot size compare?
The land area is approximately 2,206 sq ft, which is around average for Walker Avenue but below the average for both the wider Lord Roberts neighbourhood and the city. This indicates a typical urban lot for the street, focused more on the home itself than extensive outdoor space.
2. What does the sold price history indicate?
The home sold previously in 2019 and 2023. The price brackets show it has appreciated, with the 2023 sale placing it in a higher percentile ranking locally than its 2019 sale. This suggests growing demand or recognition of its value within its immediate context.
3. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value of $29,600 is for municipal tax purposes. The actual sold price ranges are significantly higher, which is a common discrepancy. The assessment is useful for comparing the property's tax standing relative to neighbours, not for determining market value.
4. How does this home compare to the reference property at 485 Walker Avenue?
The reference home at 485 Walker is slightly newer (1914) but notably smaller (1,040 sq ft) and has a lower assessed value. This highlights how 470 Walker offers substantially more interior space on the same street, which is a key differentiator.
5. The home is over 110 years old. What should I consider?
While the ranking shows its age is typical for the street and neighbourhood, a home from 1911 will have the expected considerations of its era. Prospective buyers should prioritize a thorough inspection to understand the condition of original features, plumbing, electrical systems, and the foundation, balancing charm with practical upkeep.