Property Overview: 499 Hethrington Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 499 Hethrington Avenue presents a distinct profile centered on its generous lot. Built in 1954, the 690 sqft house is compact, ranking below average in size for its street, neighbourhood, and city. However, its 4,497 sqft land area is notably larger than most lots on the block and in Lord Roberts, offering above-average outdoor space. The assessed value is consistent with the local area but sits below the wider Winnipeg average. The property last sold between 2021 for an estimated $300k–$350k.
Its primary appeal lies in the land itself—a sizable, blank-canvas lot in an established central neighbourhood. This suits a specific buyer: someone looking for a footprint to build or expand upon, a homeowner who prioritizes garden or outdoor space over interior square footage, or an investor considering the long-term redevelopment potential. It’s a practical entry point into the Lord Roberts area, where the value is in the location and the possibility the lot affords, rather than in the current home’s features or size.
Section 2: Frequently Asked Questions
1. Is this a teardown or renovation project?
Given the home's smaller size and age, many buyers will consider it a candidate for a significant renovation or full redevelopment. The large lot is the key asset, making expansion or rebuilding a feasible future project, subject to local zoning.
2. How does the assessed value relate to the likely selling price?
The assessed value ($29.80k) is for taxation purposes and is typically far below market value. The 2021 sale price range ($300k–$350k) is a more relevant indicator, though market conditions have likely shifted since then.
3. What are the immediate costs or updates expected?
As a 72-year-old home, buyers should budget for potential updates to major systems like roofing, plumbing, or electrical. A thorough inspection is essential to understand the condition behind the lot's potential.
4. How does the living space compare to nearby homes?
At 690 sqft, the living area is significantly smaller than the local averages (approx. 971 sqft on the street). This confirms the property is best for those comfortable with a cozy layout or planning to add space.
5. Why is the city-wide average assessed value so much higher?
The city-wide average (approx. $390k) includes all property types and newer, larger homes across Winnipeg. This property's assessed value is more aligned with its immediate locale, highlighting that it offers a more accessible price point within the city.