Property Overview: 485 Hethrington Avenue, Winnipeg
Key Characteristics & Appeal
This home presents a distinct profile defined by its contrasts. Its primary appeal lies in its above-average living space (1,232 sq ft, ranking in the top 8% for its street) housed within a historic 1909 structure. This combination suggests a property with generous room proportions, likely appealing to those who value character and space over modern finishes. The lot size is manageable and typical for the Lord Roberts neighbourhood.
However, its significantly below-average assessed value—ranking in the bottom 5-6% across all comparison levels—is the most striking feature. This substantial gap between usable space and official valuation creates a unique opportunity. It suits a specific type of buyer: either a value-conscious occupant willing to look past the need for updates, or an investor/renovator who sees potential in the disconnect between the home's square footage and its price point. The appeal is grounded in practicality and potential, rather than immediate turn-key condition.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While exact reasons aren't specified, a very low assessment for a home of this size and location typically reflects its older age (1909) and likely condition, indicating it may require significant updates or maintenance compared to peers.
2. What does the "Top 8%" ranking for living area mean?
It means this home is larger than 92% of comparable properties on Hethrington Avenue. For the neighbourhood and city, it remains above average in size, offering more interior space than many other homes.
3. Is the sold price range provided the exact price?
No. The listed range is an estimate based on public data. The exact, verified sold price is available by request via email from the listing service, which they provide manually.
4. What are the main considerations given the home's age?
Built in 1909, buyers should budget for potential updates to major systems (like plumbing, electrical, or heating) and anticipate maintenance consistent with a 117-year-old structure. The charm and space come with the responsibility of an older home.
5. How does the lot size compare?
At 2,499 sq ft, the lot is fairly average for the immediate street and the Lord Roberts area, but below the much larger average lot size city-wide. This indicates a typical urban lot for the neighbourhood, not a sprawling yard.