Property Overview: 495 Hethrington Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 495 Hethrington Avenue is a classic, early-1900s character property in Winnipeg's Lord Roberts neighbourhood. With 1,072 sqft of living space, it sits comfortably around the average size for both the street and the broader area, offering a practical footprint. Its standout feature is the 2,998 sqft lot, which is notably larger than many on its street, presenting valuable outdoor space or future potential in a mature community.
The appeal here is grounded in value and opportunity. The home’s assessed value is positioned below average for both Lord Roberts and the city, which can indicate a more accessible entry point into the market. This, combined with its generous lot size, suggests a property where value may be found in the land and the structure's character rather than in modern finishes or size. It would suit a practical first-time buyer or an investor comfortable with a home from 1909 that likely requires updates. It’s also a fit for those who prioritize location and lot size over a newer build, seeing the historic charm and space as a canvas for personalization.
Section 2: Frequently Asked Questions
1. What does the "below average" year built ranking mean for me?
A 1909 build date means this is one of the older homes in the area. While it offers classic character, a prospective buyer should prioritize a thorough inspection to understand the condition of foundational elements, plumbing, electrical systems, and the roof, as updating these can be a significant part of ownership.
2. The assessed value seems low compared to city averages. Is that a concern?
Not necessarily. The assessed value is for municipal tax purposes and is often lower than market value, especially for older homes. Its "below average" ranking here primarily signals that it is in a more affordable tier within its peer groups, which can be an advantage for buyers.
3. How significant is the lot size?
The lot is in the top 30% for size on Hethrington Avenue. In an established neighbourhood where lots are typically subdivided, this above-average parcel is a genuine asset. It provides more private outdoor space than neighbours and could be a factor for future expansion, subject to zoning.
4. What can the 2019 sale price range tell me?
The prior sale price (CA$150k–200k) provides a historical benchmark, but it’s from six years ago. Market conditions have shifted since. This data point is useful for understanding the property’s trajectory, but a current market evaluation is essential to gauge its present value.
5. Who should consider requesting the exact sold price history?
If you are seriously evaluating this property as a buyer or are researching comparable sales in Lord Roberts to make an informed offer, having the exact sold price is crucial. It removes guesswork and provides a precise data point for analysis.