Property Overview: 663 Rathgar Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This 735 sqft home, built in 1930, presents a classic character property in the established Lord Roberts neighbourhood. Its key appeal lies in its relative affordability and position within a mature, central community. The home sits on a modest, in-line lot (2,207 sqft) that is typical for the immediate street but smaller than many city-wide averages. Notably, its assessed value is modest compared to the wider Winnipeg market, which can translate to lower property taxes—a significant, often overlooked, long-term cost saving.
The property would suit first-time buyers or pragmatic investors seeking an entry point into a well-located neighbourhood without a premium price tag. Its smaller living space and vintage charm cater to those comfortable with a cozy footprint or looking for a manageable project. A thoughtful perspective for buyers is to consider the value of the location itself; while the house is below average in size city-wide, you are acquiring land and community in a central area, with the potential to add value through thoughtful updates over time.
Frequently Asked Questions
1. How does the property’s size compare to the area?
At 735 sqft, the living area is below the average for both the Lord Roberts neighbourhood and Winnipeg overall. However, on its specific street (Rathgar Avenue), it ranks in the top 82%, meaning it is actually larger than many immediate neighbours.
2. What does the assessed value indicate?
The assessed value of $24,700 is around average for Rathgar Avenue and Lord Roberts. Crucially, it is significantly below the city-wide average, which typically suggests a more affordable purchase price and correspondingly lower annual property taxes.
3. Is the lot size a limitation?
The 2,207 sqft lot is standard for the street but smaller than many lots in the city. This means lower maintenance but may limit expansion possibilities. It’s ideal for those who prefer a smaller yard to manage.
4. What can nearby sales tell us?
A nearby reference property at 689 Rathgar Avenue (660 sqft) sold for between $200k-$250k in 2024. Given its similar size and lower assessed value, it provides a relevant benchmark, suggesting 663 Rathgar Avenue likely sits in a competitive price range for the area.
5. How can I find out the exact historical sale prices?
The exact sold price history is not publicly displayed. You can request it via email from the listing source, which provides the data manually without using your email for unsolicited marketing.