Property Summary: 478 Kylemore Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 478 Kylemore Avenue in Lord Roberts is a classic, compact property built in 1914. Its primary appeal lies in being an accessible entry point into the Winnipeg market, particularly for a specific type of buyer. The 795 sqft living area is modest but typical for its immediate street, ranking around the middle compared to neighbours. The lot size of 2,206 sqft is smaller than average for both the area and the city, suggesting a lower-maintenance yard.
The standout characteristic is its exceptionally low municipal assessed value ($17,200), which places it in the bottom tier locally and city-wide. This isn't necessarily a negative; it indicates a property with significant potential for value increase through updates and modernization. The appeal here is foundational: you are purchasing location and structure at a very low tax-assessment base. This home would suit a first-time buyer, an investor looking for a hold-and-renovate project, or someone seeking minimal property tax overhead while building equity in a central neighbourhood. Its charm is not in current luxury, but in opportunity and practicality.
Section 2: Frequently Asked Questions
1. What does the very low assessed value mean for me?
It primarily means lower annual property taxes, which is a financial advantage. It also suggests the city's assessment does not reflect major recent upgrades, so any improvements you make could significantly increase the home's market value relative to its tax base.
2. Is the smaller lot size a disadvantage?
It depends on your lifestyle. A smaller lot means less yard maintenance, which can be a benefit for those seeking a low-upkeep property. However, it may limit expansion possibilities or private outdoor space compared to other homes in the broader area.
3. How does this home compare to others on the same street?
The data shows it is very comparable in age and living space to its direct neighbours on Kylemore Avenue. Its key differentiators are its lower assessed value and smaller land area compared to the street average.
4. What is the neighbourhood like?
Lord Roberts is a mature, established neighbourhood near the city's core. The proximity to similar properties and the historic build dates (early 1900s) on the street indicate a well-settled, traditional residential area.
5. Where can I see more detailed context about this specific location?
You can open the neighbourhood analysis page (link provided in the full details) to see this property mapped alongside nearby houses, allowing for a visual comparison of lot sizes, ages, and values within a few blocks.