Property Summary: 519 Rathgar Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home at 519 Rathgar Avenue is a classic, early-1900s character property in the established Lord Roberts neighbourhood. With 1,040 sqft of living space, it offers a comfortable footprint that is typical for the area. Its core appeal lies in its location and value proposition. The lot size, while modest compared to newer suburban areas, is standard for the street and provides a manageable outdoor space.
The data suggests this is a practically priced entry point into a mature community. It last sold in the $300k-$350k range in 2022, which, compared to the city-wide average assessed value, indicates it may offer relative affordability within Winnipeg. The home’s age (built 1909) means it likely possesses historic charm but also requires a buyer comfortable with the maintenance and potential updates that come with an older structure. This property would suit a first-time homebuyer, a downsizer seeking a character home with less yard work, or an investor looking for a stable rental property in a central neighbourhood. Its appeal is grounded in community and practicality rather than modern luxury.
Frequently Asked Questions
1. What does the assessed value tell me about the property tax?
The assessed value is $25,500, which is used to calculate municipal property taxes. This figure is significantly lower than typical market value, a common feature in Winnipeg. You can estimate taxes by applying the current municipal tax rate to this assessed value.
2. How does the home’s age impact a purchase?
Built in 1909, the home is among the older on the street. This often means character details like original woodwork, but it also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed investments.
3. The lot seems smaller than city averages. Is that a concern?
The 2,206 sqft lot is average for Rathgar Avenue but below the city-wide average. This is typical for mature, inner-city neighbourhoods and translates to less exterior maintenance, which can be a benefit for many buyers.
4. What can the 2022 sale price range tell me?
The previous sale in the $300k-$350k range provides a recent market benchmark. Comparing this to the current asking price (if listed) can help gauge market movement. It also confirms the home is in a more accessible price tier for the city.
5. Who are the typical neighbours?
The nearby comparable properties are a mix of similar-era homes and some newer infill constructions (like on Beresford Avenue). This indicates a neighbourhood in a slow state of evolution, blending long-term residents with new investments.