Property Summary: 1025 Lorette Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home stands out in Winnipeg's Rockwood neighborhood as a modern, above-average property within an older, established area. Its primary appeal lies in its combination of a recent build date (2019) and generous living space (1,502 sq ft), which are both rare in this context. The data shows it ranks in the top 10% of its street and top 8% of Rockwood for living area, and in the top 4% for assessed value locally. This suggests a premium, well-appointed home that offers modern amenities and efficiency without sacrificing interior space.
The property would best suit buyers looking for a move-in-ready, contemporary home who value being in a mature neighborhood with character. It’s ideal for those who prioritize low-maintenance living and modern building standards, but who may not require a large yard, as the lot size is notably smaller than area averages. This is a trade-off: you gain a newer, larger interior on a more manageable plot, which appeals to professionals, small families, or downsizers seeking ease and comfort without leaving a sought-after community.
A less obvious perspective is its potential for long-term value stability. Being a newer construction in an older area, it may face less immediate competition from similar homes and could benefit from the enduring appeal of established neighborhoods while offering the perks of a modern build.
Section 2: Frequently Asked Questions
1. How does the lot size impact the property?
The land area is smaller than most in Rockwood, ranking in the bottom 20% on the street. This means lower outdoor maintenance but also less private yard space. It positions the home as more of an "urban lot" within a suburban-style neighborhood.
2. Why is the assessed value so high compared to nearby homes?
The assessed value ($526k) ranks in the top 4% for the street and area, significantly above local averages. This primarily reflects the home's new construction (2019) and larger living area compared to the predominantly mid-20th century homes surrounding it.
3. What is the sales history, and what did it last sell for?
It was last sold in March 2020 for a price between $400,000 and $450,000. For verified, exact historical sale figures, a manual lookup via the site's email request service is required.
4. How does this home compare to others in Winnipeg overall?
Citywide, it ranks above average for living area (top 30%) and assessed value (top 16%), and elite for year built (top 4%). It offers a newer, larger interior than the typical Winnipeg home, but on a smaller-than-average city lot.
5. What are the nearby homes like?
Immediate neighbors on Lorette Avenue and nearby streets are mostly older, with construction dates ranging from the 1920s to 1950s and generally smaller living areas and lower assessed values. This home is a clear outlier in terms of age, size, and value on its block.