Property Summary: 586 Walker Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home on Walker Avenue is a study in desirable contrasts within its established Lord Roberts neighbourhood. Its primary appeal lies in its generous 1,400 sqft living area, which places it in the top 5% of homes on its street and the top 13% within the wider neighbourhood, offering more space than most comparable local properties. This is paired with a notably low municipal assessed value of $40,700, ranking in the top 3% on the street. This combination suggests a property with significant usable space relative to its tax assessment, a key efficiency for value-conscious buyers.
Built in 1914, the home is typical for the area and sits on a 2,207 sqft lot that is above average for Walker Avenue. Its last recorded sale was between $350,000 and $400,000 in 2023. The profile suits buyers looking for a character home in a central neighbourhood who prioritize interior space over a large yard. It’s particularly compelling for those who understand the potential disconnect between assessed value and market value, seeing an opportunity in a home that offers substantial living area without the highest tier of property taxes for the area. It may also appeal to someone interested in a home with a established history, as it is older than the Winnipeg city average.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value in Manitoba is used for calculating property taxes and does not always reflect current market value. It is based on mass appraisal techniques and may lag behind rapid market changes. A low assessment relative to market value can indicate a favourable tax efficiency.
2. What does the living area ranking mean for me?
Ranking in the top 5% on the street and top 13% in Lord Roberts for living area means this home offers more interior space than the vast majority of its direct peers. This is a significant advantage if you need room but want to stay in this specific, often older, neighbourhood where larger homes are less common.
3. The home is older than the city average. Should I be concerned?
A 1914 build is typical for the Lord Roberts area. While it necessitates a thorough inspection for aging components like wiring, plumbing, and the foundation, it also often comes with character and build quality not found in newer homes. Its age is average for its immediate street.
4. How does the lot size compare?
At 2,207 sqft, the lot is above average for Walker Avenue but below average for both the broader Lord Roberts neighbourhood and Winnipeg as a whole. This indicates a more compact, potentially low-maintenance yard that is consistent with the urban, established feel of the street.
5. How can I find out the exact past sale price?
The provider offers a manual service to send the exact sold price history by email upon request, as only price ranges are published publicly. They state the request is handled without gimmicks or unsolicited marketing.