Property Summary: 643 Walker Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct value proposition centered on its land and location rather than its size. Built in 1930, the 623 sqft house is notably compact, ranking below average for living space on its street, in the Lord Roberts neighbourhood, and city-wide. Its primary appeal lies in its generous 3,310 sqft lot, which is larger than most on Walker Avenue and in the immediate area, offering valuable outdoor space and potential in a well-established community.
The assessed value of $29.20k is above average for the street, suggesting the lot size and location are key drivers of its official valuation. It would suit a first-time buyer, downsizer, or investor looking for an entry point into a mature neighbourhood like Lord Roberts, prioritizing land over square footage. This is a property for someone who sees potential in the parcel itself—whether for gardening, future expansion, or simply securing a footprint in a central area—and is comfortable with a cozy, classic home footprint.
Frequently Asked Questions
1. Why is the living area so much smaller than the neighbourhood average?
Many homes in established neighbourhoods like Lord Roberts have been expanded or renovated over decades. This property largely retains its original, more modest 1930s footprint, which is now less common.
2. The assessed value seems low compared to typical sale prices. What does this mean?
The assessed value is for municipal tax purposes and often lags behind market value. The sold price range from 2021 ($300k-$350k) is a more relevant indicator of its market worth.
3. What can the large lot be used for?
Beyond a spacious yard, the lot size could accommodate additions like a garage, large shed, or deck. It's important to check City of Winnipeg zoning bylaws for any development restrictions or opportunities.
4. How does the age of the home affect maintenance?
A 96-year-old home will likely have older infrastructure. Buyers should budget for potential updates to systems like plumbing, electrical, or the roof, and consider a thorough inspection.
5. Where can I see more detailed data about nearby properties for comparison?
The listing suggests using the "Open neighbourhood map analysis" tool to visually compare this property with immediate neighbours on factors like year built, lot size, and assessed value.