Property Overview: 518 Rathgar Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1924 character property in the established Lord Roberts neighbourhood. With 746 sqft of living space, it is a compact and efficient layout, ranking below average in size for the area but offering a manageable footprint. Its assessed value is notably strong for Rathgar Avenue itself, placing in the top 27% of the street, suggesting it is well-maintained or has desirable features relative to its immediate peers. The lot size of 3,418 sqft is typical for the neighbourhood, providing a decent outdoor space.
The primary appeal lies in its location and value proposition within a mature community. It suits first-time buyers or downsizers seeking an entry point into a central neighbourhood without a massive renovation project, or investors looking for a character rental. A thoughtful perspective is that its higher-than-street-average assessment, combined with its smaller size, could indicate updates or intrinsic qualities not captured by square footage, making it a potentially efficient use of capital in the area. Its last known sale was between $250k-$300k in 2021.
Section 2: Frequently Asked Questions
1. Is the house significantly smaller than others in Winnipeg?
Yes. At 746 sqft, the living area is below the Winnipeg city-wide average. This is typical for older, central neighbourhoods and translates to a more manageable, low-maintenance home.
2. What does the assessed value ranking tell me?
While the home is smaller, its assessed value is above average for its own street (top 27%). This often signals that the property is in good condition, has favourable characteristics, or that smaller homes on this street hold value well relative to larger ones.
3. What is the neighbourhood like?
Lord Roberts is a mature, central neighbourhood with homes primarily from the early 20th century. It offers a established community feel, tree-lined streets, and convenient access to downtown and amenities.
4. Are sold prices for this home publicly available?
Exact historical sale prices are not published online. An approximate range (e.g., $250k-$300k in 2021) can be found from public data, but you must request the exact figure from the listing provider.
5. Who might this property not suit?
It may not suit buyers needing multiple large bedrooms, extensive living space, or a modern, open-concept layout. The smaller size and 1924 vintage suggest a more traditional floor plan.