Property Overview: 500 Hethrington Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home is defined by its balance of space and value. Built in 1923, it offers a modest 772 sqft of living space, which is below average for the area. However, its true standout feature is the generous 4,997 sqft lot, which ranks in the top 8% on its street and the top 16% in Lord Roberts. This presents a significant opportunity for expansion, gardening, or outdoor living that is rare for the neighbourhood.
The appeal lies in its positioning as a grounded, value-conscious entry into the established Lord Roberts community. With an assessed value that is around average for the immediate area but well below the citywide average, it represents a relatively affordable footprint in a central location. This property would suit a first-time buyer or practical investor comfortable with a home that may require updates. It’s ideal for someone who prioritizes land size and future potential over immediate square footage, viewing the lot as a long-term asset.
Section 2: Frequently Asked Questions
1. Is the living area too small for a family?
At 772 sqft, the interior is compact. It would likely suit a small family, a couple, or a single buyer best. The large lot, however, offers the potential to add an extension or create valuable outdoor living space to compensate.
2. What does the assessed value tell me about the price?
The assessed value of $27,500 is a municipal figure for tax purposes and is typically much lower than market value. The last known sale was between $200k-$250k in 2019. For a current market price, consultation with a local realtor is essential.
3. Are older homes like this a concern?
Built in 1923, the home will likely require diligent maintenance and potentially updates to systems like wiring or plumbing. A thorough inspection is crucial to understand the condition and any needed investments.
4. How does the large lot size benefit me?
Beyond extra private space, a lot size that is well above average for the street and neighbourhood can enhance future resale value. It provides flexibility for additions, landscaping projects, or simply more room than nearby properties.
5. How can I find out what it last sold for exactly?
The provided sale range is based on public data. The listing service offers to provide the exact sold price via email upon request, which they handle manually without using your email for marketing.