Property Overview
468 Brandon Avenue is a well-established home in Winnipeg's Lord Roberts neighborhood. Built in 1908, it offers 1,000 sqft of living space on a 2,499 sqft lot, with an assessed value of $263k. Its appeal lies in its position as a solid, character home in a mature community, offering a more affordable entry point into the Winnipeg market compared to the city-wide average.
Key Characteristics & Ideal Buyer
This home presents a practical opportunity. Its living area and assessed value are very much in line with the immediate street and Lord Roberts neighborhood averages, indicating it's a typical home for the area. Its lot size is also comparable locally, though it's notably smaller than the Winnipeg average. The primary draw is value: the assessed value sits significantly below the city-wide average of $390k, which can mean lower property taxes and an accessible price point.
The home’s age (118 years) means it will likely appeal to buyers who appreciate classic architecture and are comfortable with the maintenance and potential renovation projects that come with a century-old structure. It would suit a first-time buyer looking for a foothold in a established neighborhood, or a pragmatic investor seeking a rental property with a stable assessment. A less obvious perspective is that its "below average" metrics city-wide are actually its strength, offering a chance to own a detached home without the premium price tag of newer or larger lots, ideal for those prioritizing location and budget over sheer size.
Frequently Asked Questions
1. How does the assessed value relate to the likely selling price?
The assessed value of $263k is for municipal tax purposes. While it provides a benchmark, the actual selling price is determined by the market and can be higher or lower based on condition, updates, and current demand.
2. What should I consider with a home built in 1908?
Expect character but also prioritize inspections for foundational integrity, wiring, plumbing, and insulation. Renovations may be needed to meet modern standards, so budgeting for updates is essential.
3. The lot size is smaller than the city average. Is that a drawback?
For this neighborhood, the lot is around average. It means lower maintenance, which can be a benefit. However, it may limit expansion possibilities or the desire for extensive outdoor space compared to homes in newer suburbs.
4. Why is there no sales history shown for this listing?
Sales history data is not sourced from the MLS on this platform. You can request exact historical sale figures manually via the provided email option, and the team will look them up for you.
5. How does this home compare to others on Brandon Avenue?
It is very typical for the street. Its living area, assessed value, and lot size all rank near the middle of the 69 comparable homes on Brandon Avenue, indicating it's a representative, no-surprises property for the block.