Property Overview: 494 Walker Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1912 character property in the established Lord Roberts neighbourhood. Its key appeal lies in offering above-average interior space for the immediate area—its 1,120 sqft living area ranks in the top 26% on Walker Avenue—paired with a notably low municipal assessed value. This combination suggests a property that may offer more usable space than many nearby homes, while presenting a potentially lower property tax burden relative to the city average.
The lot is a manageable size for the neighbourhood, and the home’s age is typical for the street. Its value proposition is clear: it’s a home for buyers who prioritize interior space and character in a central location, and who are likely comfortable with the maintenance and updates that come with a century-old house. This property would suit a first-time buyer or an investor looking for a character home with a solid footprint, where the value may be more in the structure and location than in the land size or recent assessments. A thoughtful perspective is that while its city-wide rankings for value and land size are low, this primarily reflects its position against newer suburban homes on larger lots; within its own historic neighbourhood context, it holds a more competitive stance for living space.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
Municipal assessments are not market valuations. A low assessment often reflects the age of the home, its specific attributes, and comparable sales in its area, and can result in lower property taxes—a key ongoing cost savings for the owner.
2. What does the "above average" living area ranking mean for this home?
On Walker Avenue and in Lord Roberts, this home has more interior square footage than many of its direct peers. For a 1912 home, this suggests a potentially more generous layout than other houses from the same era in the vicinity.
3. Are there recent comparable sales for this property?
The listed nearby property at 485 Walker Avenue (sold 2016) provides a general historical benchmark. For precise, recent sale prices of this and comparable homes, you must request the exact data via the email service provided, as this information is not publicly disclosed in detail.
4. What should I consider about a home built in 1912?
While offering classic charm, a home of this age will likely have undergone various updates. A thorough inspection is essential to understand the condition of major systems (wiring, plumbing, roof, foundation) and to budget for any necessary modernizations or maintenance.
5. How does the lot size compare?
At 2,206 sqft, the lot is slightly below the average for the Lord Roberts neighbourhood but is a fairly standard size for the street itself. It provides a typical urban yard for the area, not an expansive green space.