Property Overview: 508 Kylemore Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 508 Kylemore Avenue in Lord Roberts presents a compelling blend of space, location, and value. Its key characteristic is its above-average living area of 1,187 sq ft, which ranks in the top 12% of homes on its own street and offers more room than most comparable properties in the immediate area. Built in 1953, it is a newer construction compared to many homes in the historic Lord Roberts neighbourhood, potentially implying fewer concerns with aging infrastructure common in century-old houses.
The appeal lies in its established, central location and its strong positional value. The property holds an assessed value of $330k, placing it above average for both the street and the neighbourhood, suggesting it is a substantiated asset in a desirable area. The lot size, while modest city-wide, is consistent with the local streetscape. This home would suit practical buyers looking for a move-in-ready space larger than the area norm, without the premium or unpredictability of a full renovation project. It’s a solid choice for those who value neighbourhood character and convenience but prioritize interior space over a sprawling yard.
Section 2: Frequently Asked Questions
1. How does this home’s size truly compare to others?
While its living area is around the city-wide average, it stands out locally. It offers significantly more space than the typical home on Kylemore Avenue and in the Lord Roberts neighbourhood, where many homes are under 1,100 sq ft.
2. What does the assessed value indicate?
The $330k assessment is above average for both the street and neighbourhood, which often reflects the property’s condition, improvements, and desirability within its specific market. It’s a useful benchmark, though market sale price can differ.
3. Is a 1953-built home considered old for this area?
Not at all. In Lord Roberts, where many homes date to the early 1900s, a 1953 build is relatively newer. This can mean updated building materials and layouts, potentially resulting in lower immediate maintenance needs than much older character homes.
4. What can the 2021 sale price range tell me?
The previous sale in the $350k-$400k range provides a recent market anchor. Comparing it to the current assessed value can help gauge market trends and the property’s potential appreciation in a stable neighbourhood.
5. How private or close together are the homes on this street?
The lot size is consistent with nearby properties (e.g., 3,029 – 3,529 sq ft is typical). This suggests a standard, established suburban lot layout for the area, not an overly private or secluded setting.