488 Carlaw Avenue

Property Overview: 488 Carlaw Avenue, Lord Roberts, Winnipeg

Section 1: Key Characteristics & Appeal

This home is a practical, no-frills property in Winnipeg's Lord Roberts neighbourhood. Built in 1913, its key characteristic is its modest scale, with a living area of 992 sqft situated on a 2,499 sqft lot—both figures are fairly typical for its immediate street and area. The standout data point is its notably low assessed value ($18.7k), which places it in the bottom 10% of homes on its street and in the wider city. This suggests it may be a candidate for significant updates or is valued as a land-holding opportunity relative to its neighbours.

Its appeal lies in its positioning as an entry point into an established neighbourhood. It suits buyers looking for a straightforward project home, an investor considering a hold-and-renovate strategy, or someone seeking a smaller footprint with lower property tax obligations. A less obvious perspective is that its "below average" metrics across the board could represent a blank canvas, free from the premium often attached to recently renovated homes in the area, allowing a new owner to add value according to their own vision and budget.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average?
The assessed value is based on the property's current state as determined by the municipal assessor. A value this far below averages for the street, area, and city typically indicates a home that requires modernization or significant repairs compared to its peers.

2. What does the sold price range (CA$150k–200k in 2020) tell me?
This public data range shows the ballpark market value from its last sale. For the exact price to inform your offer or analysis, you must request it directly from the site via the provided email service.

3. Is the smaller lot size a disadvantage?
Not necessarily. While below the citywide average, the lot is consistent with the neighbourhood's character. A smaller lot can mean less exterior maintenance and lower costs, which can be an advantage for some buyers.

4. Who would this property not suit?
It would likely not suit buyers seeking a move-in-ready home without any project work, or those who prioritize above-average interior space and a large yard relative to the city.

5. How should I interpret the ranking data for "Year Built"?
The home is older (1913) than most citywide, but is around average for its historic neighbourhood. This means you should expect the potential charms and maintenance considerations common to houses of this era, but you won't be an outlier on the block.