Property Overview
This two-storey home in Lord Roberts offers a practical footprint on a well-sized lot. Built in 1976, its key characteristic is its solid, middle-ground positioning: it provides more living space (1,059 sqft) and a larger land area (1,277 sqft) than many homes in Winnipeg, ranking in the top third for size. Its assessed value is modest relative to the city, suggesting a potentially accessible entry point into the market. The appeal lies in its established neighbourhood setting and the value of the lot itself, which is notably larger than most on its street. The home has a basement, but it is not renovated.
This property would suit a first-time buyer or practical investor looking for a straightforward home with space to grow or improve over time. It’s less suited for those seeking a move-in-ready, modernized property or specific amenities like a garage.
Key Considerations & FAQs
1. What is the neighbourhood like?
Lord Roberts is a mature, established neighbourhood in Winnipeg. The property's lot size ranks in the top 3% on its street, indicating it sits on one of the larger parcels in the immediate area, which can be a long-term advantage.
2. What does "basement, not renovated" imply?
It confirms the basement exists but is in original or utilitarian condition. Buyers should budget for potential updates and consider it a blank canvas for future living space, storage, or utility area, pending inspection for moisture and foundation integrity.
3. How does its age (1976) factor in?
At nearly 50 years old, major systems like roof, windows, plumbing, and electrical may be at or beyond their typical lifespan. This necessitates a thorough inspection but also represents a known construction era that many find straightforward to renovate.
4. Why is the assessed value notably lower than some similar-sized homes?
The assessed value is for municipal tax purposes and is influenced by the home's condition, updates, and market trends. Its value ranking lower than its size ranking suggests the condition or finishes may be dated compared to the physical structure, highlighting the potential value-add for a buyer willing to renovate.
5. What are the pros and cons of not having a garage?
The lack of a garage reduces maintenance and costs but requires alternative solutions for vehicle parking and storage. The generous lot size, however, could potentially allow for the future addition of a garage or shed, subject to local bylaws.