Property Summary: 516 Kylemore Avenue, Lord Roberts, Winnipeg
Section 1: Overview & Appeal
This home at 516 Kylemore Avenue is a classic, early-1900s character property in the established Lord Roberts neighbourhood. Its key characteristics include a 960 sqft living area, which is notably spacious for homes on its street, and a modest 2,206 sqft lot. The assessed value is positioned around the average for the immediate area.
The primary appeal lies in its location and efficient scale. It offers more interior space than many neighbouring homes, providing good value within a sought-after inner-city community. It suits buyers looking for a character home with manageable size, potentially first-time homeowners or downsizers who want to be in a mature neighbourhood without the upkeep of a larger property. A thoughtful perspective is that its smaller lot and older vintage, while not top-tier metrics, contribute to a lower property tax burden compared to newer, larger homes citywide, which can be a significant long-term savings.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
While the lot size is smaller than most on the street, the living area (960 sqft) is actually above the average for Kylemore Avenue, meaning you get a relatively spacious interior on a compact lot.
2. What does the sold price history indicate?
The home sold between $200k-$250k in 2023, a significant increase from its $150k-$200k sale in 2017. This suggests strong appreciation in recent years, consistent with the neighbourhood's demand.
3. Is the older year of build (1909) a concern?
It is one of the older homes on the street. This typically means potential for character details but also underscores the importance of a thorough inspection to understand the condition of major systems like plumbing, wiring, and the foundation.
4. How does its value compare to the wider city?
The home’s assessed value is below the Winnipeg city average. This generally indicates a more affordable entry point into the market, though property taxes would also be comparatively lower.
5. Are there similar homes for reference?
Nearby reference properties on Walker Avenue and Nassau Street have similar assessed values but vary in year built and size. This highlights that on this street, you may be trading a newer build (like the 1970s references) for more interior space (as this home provides).