Property Overview
This home at 511 Hethrington Avenue in Winnipeg's Lord Roberts neighbourhood presents a compelling blend of modern convenience and established community. Its primary appeal lies in being a relatively new construction (built in 2017) within a mature area, offering move-in readiness without the typical upkeep of an older home. With 868 sqft of living space, it is a comfortably sized bungalow that ranks above average for its assessed value on the street and in the neighbourhood, suggesting a quality build and finishings. The lot size is standard for the local area, providing manageable outdoor space.
This property would suit first-time homebuyers seeking a low-maintenance, modern starter home, or downsizers looking for a newer, single-level residence in a central location. Its strong assessed value ranking indicates it may also appeal to value-conscious buyers who prioritize financial prudence and newer infrastructure over maximizing square footage.
Frequently Asked Questions
1. How does the sold price compare to the assessed value?
The home sold in 2024 for an estimated $350k–$400k, which is significantly higher than its $37,400 assessed value. This is normal, as municipal assessed values in Manitoba are typically much lower than market value and are used for tax purposes, not to determine sale price.
2. Is the living space smaller than average?
Yes. At 868 sqft, the living area is below the average for both the Lord Roberts neighbourhood and Winnipeg citywide. This reflects the home's efficient, modern design as a bungalow and is a trade-off for its newer construction and lower maintenance.
3. What does the "Elite" ranking for Year Built mean?
Being in the top 3-5% for year built means this is one of the newest homes not just on its street, but in the entire city for its property type. This is a rare find in established neighbourhoods and is a key feature, suggesting modern building codes, materials, and systems.
4. Why is the city-wide lot size ranking so low?
The lot is a manageable 2,499 sqft, which is standard for its central neighbourhood. The "below average" city-wide ranking (Top 96%) simply reflects that many homes in newer suburban developments sit on much larger lots, which isn't a direct comparison for an inner-city property.
5. What are the implications of the high assessed value ranking locally?
Ranking in the top 15% for assessed value on the street and in the neighbourhood, while having an average-sized lot and newer build, often indicates above-average construction quality, finishes, or improvements compared to nearby homes. This can be a point of value, though property taxes will be based on this assessment.