Property Overview: 464 Airlies Street, Winnipeg
Key Characteristics & Appeal
This is a modest, no-frills home in Winnipeg's Robertson neighborhood, built in 1947. Its key characteristic is its position as an affordable entry point into the market. With 700 sqft of living space on a 4,001 sqft lot and a $200k assessed value, it consistently ranks below local and city-wide averages for size and value. This isn't a luxury property, but its appeal lies in its accessibility and potential.
The home suits first-time buyers, investors, or downsizers seeking a straightforward, lower-cost property with minimal financial barrier to entry. Its below-average price for the area could allow for renovation within a controlled budget, or simply offer a low-maintenance base in an established neighborhood. A thoughtful perspective is that a home ranking "below average" on paper in a stable area can represent a sensible, low-risk purchase, insulating you from market volatility. It’s a practical asset rather than a prestige one.
Frequently Asked Questions
1. Is this a good investment property?
Given its assessed value is significantly below the neighborhood and city averages, it presents as a lower-cost rental option. Its recent sale history suggests a stable, not rapidly appreciating, market segment, which could be suitable for a long-term, cash-flow oriented investor.
2. How much work might it need?
Built in 1947, it is older than most homes on its street and in the city. Buyers should budget for updates common to homes of this era, such as potential electrical, plumbing, or insulation improvements. A thorough inspection is essential.
3. Why is the living area so much smaller than nearby homes?
At 700 sqft, it's notably compact compared to area averages. This indicates it's likely a bungalow or smaller layout, which explains part of the lower assessed value. It's ideal for those seeking minimal space to maintain.
4. Can I get the exact past sale prices?
The site provides sold price ranges. To obtain the exact historical sale figures, you must request them directly via email, as this data is manually verified and not sourced from the MLS system.
5. The lot seems large for the house size. Is subdividing or an addition possible?
The 4,001 sqft lot is below the street average but may offer some flexibility. Any expansion or subdivision would require careful review of Winnipeg's zoning bylaws and feasibility studies, but the lot size is a point of potential beyond the current footprint.