503 Hethrington Avenue

Property Overview

This home at 503 Hethrington Avenue presents a classic, early-20th century character home in Winnipeg's Lord Roberts neighbourhood. Built in 1908, its appeal lies in a well-established, central location and a sense of historic charm that newer builds often lack. With 1,045 sqft of living space and a 2,499 sqft lot, the property offers a manageable footprint. The data suggests it sits comfortably within the average range for its immediate street and neighbourhood in terms of size and assessed value, but its age is a notable standout—it is among the older homes in the area. This isn't a sprawling modern property, but a grounded, traditional house that has been part of the community's fabric for over a century.

It would suit a buyer looking for a character-filled starter home or downsizer who values location over sheer size, and who is prepared for the realities and potential rewards of maintaining an older structure. Its average metrics for the area indicate a stable, predictable investment within the context of Lord Roberts, rather than an outlier.

Key Questions & Considerations

1. What does the "below average" ranking for Year Built actually mean?
It means this home (built 1908) is significantly older than most houses on its street, in Lord Roberts, and across Winnipeg. While this is the source of its character, it also implies that major systems like plumbing, electrical, or the foundation may have been updated over time and should be carefully inspected.

2. The assessed value is listed around $30k, but it sold for $300k–$350k. Why the huge difference?
The assessed value is for municipal tax purposes and is often much lower than market value in Manitoba. The sale price range reflects the actual price buyers were willing to pay on the open market. Always rely on recent sale prices, not tax assessments, to understand market value.

3. How does the lot size impact potential?
At 2,499 sqft, the lot is smaller than the city-wide average but fairly typical for the central neighbourhood. It offers modest outdoor space but limits potential for large additions. The value is in the location, not in extensive redevelopment potential.

4. What can the neighbourhood rankings tell me?
The rankings show this home is consistently "around average" for living area, value, and lot size within Lord Roberts. This suggests it's a typical, representative property for the area, not an underperformer or a standout in terms of scale. You're buying into the neighbourhood norm.

5. Where can I get more specific context about this property's place in the area?
The listing suggests using the "neighbourhood analysis page" to see this home on a map compared to nearby houses. This is crucial for understanding its immediate context—like whether it's surrounded by similar character homes or newer infill developments—which can affect both value and lifestyle.