Property Overview
522 Carlaw Avenue is a 900 sqft home built in 1911, situated on a modest 2,047 sqft lot in Winnipeg's Lord Roberts neighbourhood. With an assessed value of $220k, it presents as an entry-point property in a central, established area. Its appeal lies in its relative affordability and location, offering a foothold in the city without the premium of a larger lot or a modern build. This home would suit first-time buyers, practical downsizers, or investors looking for a straightforward rental property, particularly those who value location over size and are prepared for the upkeep of a century-old home.
A less obvious perspective is its statistical positioning: while the home itself is around average for its immediate street in terms of size and value, its lot size is the smallest on Carlaw Avenue. This indicates a neighbourhood of varied property sizes and suggests the value here is primarily in the dwelling and location, not the land. For the right buyer, this represents a efficient, lower-maintenance parcel in a mature community.
Frequently Asked Questions
1. How does this home's value compare to others in Winnipeg?
The assessed value of $220k is below the Winnipeg city-wide average for comparable homes, placing it in the top 89% (meaning it's assessed lower than 89% of the city). This highlights its affordability within the broader market.
2. What should I know about the lot size?
At 2,047 sqft, the lot is below average for the street, neighbourhood, and city. It is the smallest lot on Carlaw Avenue. This typically means less exterior maintenance but also limited potential for expansions or additions that require significant yard space.
3. The home was built in 1911. What does that imply?
As a 115-year-old home, it is older than the vast majority of homes in Winnipeg. Buyers should budget for potential updates to older mechanical systems, wiring, or plumbing, and consider a thorough inspection. Its age is typical for the Lord Roberts area.
4. What does the sold price history indicate?
It last sold between $150k-$200k in 2021. The current $220k assessment suggests a notable increase in its taxable value since that sale, which is a common market trend in recent years but is worth noting for property tax expectations.
5. Who would this property not suit?
It may not suit buyers seeking a large yard, modern open-concept layouts, or a home requiring minimal immediate updates. Its compact lot and older floor plan cater to a more practical, location-focused buyer.