Property Overview: 467 Brandon Avenue, Winnipeg
Key Characteristics & Appeal
This home on Brandon Avenue in Lord Roberts presents a compelling mix of established character and strong underlying value. Its key appeal lies in its generous living space and significant assessed value relative to its immediate surroundings. At 1,242 sqft, the living area is notably above average for both the street and the Lord Roberts neighbourhood. Most strikingly, its assessed value of $41.10k ranks in the elite top 3% on Brandon Avenue and the top 9% in the neighbourhood, suggesting a property that is well-regarded or has features not fully captured by basic metrics.
Built in 1908, this is a mature home that appeals to those who appreciate classic architecture and established communities. The lot size is standard for the area. A sale occurred between 2022-2025 in the $350k-$400k range, providing a recent market benchmark. This property would suit a value-conscious buyer looking for a character home with more space than typical for the area, or an investor who recognizes the strength of its formal assessment compared to neighbouring homes. It’s a solid choice for someone less concerned with a newer build and more focused on space and positional value within a sought-after inner-city neighbourhood.
Frequently Asked Questions
1. What does the high assessed value ranking actually mean?
It indicates that, for property tax purposes, this home is assessed at a value significantly higher than most of its direct neighbours and homes in Lord Roberts. This often reflects factors like lot desirability, building size, quality, or improvements that distinguish it from nearby properties.
2. The home is older (1908). Should I be concerned?
An older home like this comes with both character and potential considerations. While it offers classic charm and likely solid construction, prospective buyers should prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which may have been updated over time.
3. How does the recent sale price relate to the assessed value?
The sale price ($350k-$400k range in 2022) is the market value a buyer paid. The assessed value ($41.10k) is used for calculating municipal property taxes. The large numerical difference is normal; what’s more telling is that both the recent sale price and the assessed value rank well above local averages, reinforcing the property’s standing.
4. Is the lot size a disadvantage?
At 2,499 sqft, the lot is average for Brandon Avenue and Lord Roberts. It is, however, below the city-wide average, which includes newer suburban developments. This is typical for desirable, established inner-city neighbourhoods where lot sizes are often smaller but location is premium.
5. Where can I get more specific details about sold prices or the neighbourhood?
The listing suggests contacting them via email for the exact historical sold price data. For broader context, you can explore the provided neighbourhood analysis page to compare this property directly with nearby homes on a map using metrics like year built, size, and value.