Property Overview: 554 Carlaw Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 554 Carlaw Avenue presents a compelling mix of modern convenience and established neighbourhood character. Built in 2003, it is a notably newer construction compared to most homes on its street and in the Lord Roberts area, suggesting potentially lower maintenance and updated building systems. With just over 1,000 square feet of living space, it offers efficient and manageable proportions.
Its primary appeal lies in its balance. While the lot size is modest for the city, it is typical for the central, mature neighbourhood of Lord Roberts, offering a low-maintenance yard. The home’s assessed value ranks well above average for both the immediate street and the broader neighbourhood, indicating it is perceived as a higher-quality asset within its context. This combination suits buyers seeking a turn-key, newer home in a central location without the upkeep of a century-old property. It would particularly appeal to first-time homeowners, downsizers, or investors looking for a modernized rental in a stable, in-demand area. A thoughtful perspective is that its newer age might offer energy efficiency benefits, but its smaller lot means less potential for expansion compared to older properties on larger plots in the same area.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 1,018 sqft, the living area is very close to the average for both Carlaw Avenue and the Lord Roberts neighbourhood, making it a standard-sized home for the area.
2. Why is the assessed value higher than many neighbours'?
The assessed value is in the top 13% for Lord Roberts, likely reflecting the home’s relatively recent 2003 construction year compared to the neighbourhood’s many older homes, which often translates to a higher valuation for building condition and systems.
3. What is the land size, and what does it allow for?
The lot is 2,498 sqft, which is below the city-wide average but typical for this central neighbourhood. It provides space for a yard and garden but may limit additions like a large garage or significant expansion.
4. What recent sales history is available?
Public data indicates the home sold between $350,000 and $400,000 in 2023. For the precise sale price, you can request the exact figure via email from the listing source.
5. Is this a good investment for the area?
The above-average assessment for the street and neighbourhood, combined with its modern build in an established area, suggests it holds its value well within the local market. Its appeal to buyers wanting newer construction in a classic neighbourhood is a key strength.