Property Overview & Appeal
This 1,144 sqft home, built in 1912 on a 2,953 sqft lot in Lord Roberts, presents a classic Winnipeg character home with modern financial appeal. Its key characteristic is a strong assessed value that ranks well above average for both its street and neighbourhood, suggesting it is viewed favorably compared to its peers. The living space is modest but functional, sitting around the average for the immediate area. This creates an interesting dynamic: you get a historically grounded property without a premium price tag for size, but with a tax assessment that implies solid inherent value.
The appeal lies in this balance. It suits a practical buyer who appreciates established neighbourhoods like Lord Roberts but is mindful of value. It’s not the largest or newest home on the block, but its financial metrics indicate a well-regarded property. It would particularly suit a first-time buyer or downsizer looking for character without the extreme upkeep of a much older or larger home, or an investor attracted by a stable assessment in a central neighbourhood. A less obvious perspective is that its "average" size and lot for the area could be a benefit, offering a manageable footprint without standing out or demanding extensive renovations.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of market value?
While not a direct appraisal, an assessed value consistently ranking in the top 18% on its street and top 12% in Lord Roberts indicates the municipality views this property as substantially more valuable than many around it. This often correlates with market perceptions, but a professional appraisal is needed for exact market value.
2. What does the 1912 build date mean for maintenance?
A home from 1912 will have character but requires a diligent inspection. Key systems like wiring, plumbing, and the foundation should be evaluated for updates. Its ranking shows it’s not the oldest on the street, meaning similar-era homes are common, and local contractors may be familiar with their upkeep.
3. How does the lot size impact potential?
At just under 3,000 sqft, the lot is slightly below average for the neighbourhood but typical for the street. This means outdoor space is limited but manageable. It likely rules out major additions but is sufficient for a garden or patio, aligning with a lower-maintenance lifestyle.
4. The last sale was between $350k-$400k in 2021. How is that useful?
This price range provides a recent benchmark, showing the home’s market value four years ago. Given the current assessed value of $38.5k (which is not the market price but a tax valuation), comparing the 2021 sale price to current assessments of similar homes can help gauge market trends.
5. Who would this home not suit?
It may not suit buyers seeking a modern, move-in-ready home without any projects, or those needing significant space for a growing family. The lot size also limits potential for large expansions, so buyers with long-term plans for major additions might find it restrictive.