Property Overview: 497 Rathgar Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Rathgar Avenue is a character property with a practical layout, built in 1909. Its key appeal lies in its efficient use of space within a well-established neighbourhood. At 1,232 square feet, the living area is notably above average for both the immediate street and the Lord Roberts area, suggesting a comfortable interior size that stands out among its local peers.
The property’s assessed value is positioned as average for the street and neighbourhood, but below the citywide average. This indicates a value proposition rooted in its specific location rather than city-wide trends. The lot size, while modest by suburban standards, is typical for the central, mature area of Lord Roberts.
This home would best suit a buyer who appreciates the charm and established streetscapes of a historic neighbourhood like Lord Roberts, and who values interior space over a large yard. It’s a practical choice for someone looking for a character home without the extreme maintenance that can sometimes come with much older properties, though some updates are likely. The data suggests it offers more house for the money within its immediate locale compared to newer builds nearby.
Section 2: Frequently Asked Questions
1. How does the age of the home (1909) affect its value and condition?
While its 1909 construction places it well below the average year built for the city, it is among the older homes on its street and in Lord Roberts. This can mean character and established landscaping, but buyers should budget for potential updates to older mechanical systems, windows, or insulation that are common for homes of this era.
2. The assessed value seems low. What does this mean for property taxes?
The assessed value is for municipal taxation purposes and is not the market value. A lower assessment relative to the city average can be an advantage, potentially leading to proportionally lower property taxes than newer or larger homes elsewhere in Winnipeg, while still providing the benefits of a central location.
3. How does the living area compare to nearby homes?
The 1,232 sqft living area is a key strength. It ranks in the top 17% on Rathgar Avenue and the top 23% in Lord Roberts, meaning it offers more interior space than most comparable homes in the immediate area, which average about 1,011 sqft and 1,071 sqft respectively.
4. Are there any recent sales records for this specific address?
No public sales history is displayed for this listing. The exact sold price history can be requested manually via email from the listing service to ensure accuracy and privacy.
5. What are the comparable properties in the area?
The listing references nearby homes on Rathgar and Beresford Avenues for comparison. Notably, newer builds on Beresford (2019) have significantly higher assessed values but smaller living areas, highlighting the trade-off between modern construction and interior space. Older, similarly-sized homes on the same street provide a more direct benchmark for value.