Property Overview & Key Characteristics
529 Walker Avenue is a compact, century-old home in Winnipeg's Lord Roberts neighbourhood. Its primary appeal lies in its position as a relatively affordable entry point into a central, established area. At 832 square feet, the living space is modest and sits below the neighbourhood average, suggesting a cozy, efficient layout rather than expansiveness. The lot size is typical for the immediate street but smaller than many city-wide properties.
This home would suit first-time buyers or practical downsizers who prioritize location and value over size. Its 1909 build date means it has historic character but also implies a greater need for diligent maintenance and potential updates compared to newer builds. The assessed value is consistently in the lower tiers across all comparisons, indicating it is priced accessibly within its market. A thoughtful perspective for the right buyer is seeing the smaller scale as an opportunity for lower utility costs and manageable upkeep, allowing for investment in thoughtful renovations over time.
Frequently Asked Questions
1. How does this home's size compare to others in the area?
At 832 sq ft, the living area is smaller than the average home in Lord Roberts (approx. 1,071 sq ft) and on Walker Avenue itself (approx. 950 sq ft). It offers a compact, efficient footprint.
2. What does the assessed value indicate?
The assessed value ($218,000) is below average for both the neighbourhood and the city. This typically suggests a more accessible price point, but it can also reflect the home's age, size, and condition relative to others.
3. The home was built in 1909. What should I consider?
A home of this age offers classic character but requires a proactive approach to maintenance. Buyers should pay special attention to the condition of major systems (plumbing, electrical, roof, foundation) and budget for potential updates.
4. How has the property's value changed recently?
Based on sold price ranges, the home appreciated from the $150k-$200k range in 2016 and 2020 to the $200k-$250k range when it last sold in 2021.
5. Is the lot size a constraint?
The 2,206 sq ft lot is around average for Walker Avenue but smaller than many lots city-wide. It provides standard outdoor space for the immediate area, suitable for a patio or small garden, but not for extensive additions.