Property Overview
This home at 575 Walker Avenue presents a classic, no-frills opportunity in Winnipeg's Lord Roberts neighbourhood. Built in 1910, its 704 sqft living space is modest, placing it below the average size for the area. The assessed value is correspondingly lower than many comparables. However, the lot size of 2,207 sqft is notably above average for Walker Avenue itself, suggesting potential outdoor space or future expansion possibilities that neighbouring properties may not have. Recent sale history indicates steady activity, with sales in 2021 and 2023.
Key Characteristics & Appeal
This property’s appeal is rooted in practicality and potential. It suits a first-time homebuyer, an investor, or someone seeking an affordable entry into a central neighbourhood without the premium for a modern or large interior. Its value lies in the land—the lot is more generous than others on the street—and in its established location. The home is not a standout in terms of size, age, or assessed value, but it represents a grounded, lower-cost option in the market. It would suit a buyer comfortable with a character home from the 1910s, who views the compact living space as manageable and sees the lot as a long-term asset. This isn't a luxury purchase; it's a functional one with its advantages being affordability and location over immediate move-in condition or size.
Frequently Asked Questions
1. Why is the assessed value significantly lower than recent sold prices?
Assessed values for tax purposes often lag behind market sale prices, which are influenced by current demand, condition, and improvements not fully captured in an assessment.
2. What does the "above average" lot ranking on the street mean for me?
While the lot is smaller than the citywide average, it's larger than many on Walker Avenue. This could mean more yard space, better privacy, or room for additions like a garage or deck, subject to zoning.
3. The home is below average in size and age for the area. Should I be concerned?
Not necessarily. Many sought-after neighbourhoods have older, smaller homes. This reflects the character of the area and often means a lower price point, allowing you to invest in a desirable location.
4. How reliable are the sold price ranges shown?
These ranges are based on public data. For precise historical sale figures to inform your offer, you can request the exact sold price directly via the provided email service.
5. Are the nearby listed properties direct comparisons?
The "For reference" and "Worth viewing" listings are similar in assessed value or general location, but differences in year built, size, and condition mean they should be used as a starting point for market research, not exact comps.