Property Overview
520 Walker Avenue is a well-established home in Winnipeg's Lord Roberts neighbourhood. Built in 1912, it offers 1,360 sqft of living space, which is notably above average for both its immediate street and the local area. The property sits on a modest 2,205 sqft lot, which is smaller than typical for the city but common for the central neighbourhood. Its assessed value positions it as an above-average property on its street but a more accessible, value-oriented option within the wider city market. The home last sold between $300k-$350k in 2022.
Key Characteristics & Appeal
This home’s primary appeal lies in its efficient use of space within a sought-after, central location. The living area is a significant standout—it's in the top 8% on Walker Avenue and the top 15% in Lord Roberts—offering more room than many comparable homes. This makes it ideal for buyers who prioritize interior space over a large yard, such as small families, professionals, or downsizers seeking a manageable lot without compromising on living area. The charm of a century-old home is balanced by its practical ranking; it’s not a renovation project but a established property in a mature neighbourhood. It would suit a pragmatic buyer looking for character and space in a convenient location, who is comfortable with a home requiring ongoing maintenance typical of its age and understands that the smaller lot is a trade-off for being in a central, established community.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the selling price?
Not directly. The assessed value of $29,600 is for municipal tax purposes. The actual market value is significantly higher, as indicated by the 2022 sale in the $300k-$350k range. Always rely on recent comparable sales and a professional appraisal for market value.
2. What does the smaller lot size mean for me?
The 2,205 sqft lot is below the city average, meaning outdoor space is limited. This reduces yard maintenance but also limits potential for expansions like large decks or additions. It emphasizes the property as a home where the living space itself is the main feature.
3. How does the 1912 build year affect the home?
While the home is well over a century old, its "around average" ranking for year built on its street and in Lord Roberts indicates many neighbours are of a similar vintage. Buyers should budget for maintenance consistent with an older home and ensure thorough inspections for systems like wiring, plumbing, and the foundation.
4. The data shows it's "below average" city-wide for several metrics. Is that a concern?
This is a key perspective. While the home ranks lower compared to the entire city (which includes newer suburbs with larger lots), it ranks much higher within its immediate, central neighbourhood. This highlights its value as a solid, space-efficient option within a desirable location, rather than a standout in the broader market.
5. How can I get the exact historical sold price?
The exact sold prices are not publicly displayed. You can request the precise sale history by emailing the listing service via the "Get exact sold price history" button. They provide this data manually without using your email for marketing.