Property Overview: 505 Walker Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 505 Walker Avenue is a study in contrasts, offering a compelling mix of established value and vintage character. Its key strength lies in its above-average living space (1,200 sq ft) for both the immediate street and the Lord Roberts neighbourhood, providing more room than many comparable local homes. This is paired with a notably high assessed value relative to its surroundings, suggesting it is a well-regarded property on its block. Built in 1910, the home carries the charm and potential complexities of its era, appealing to those who appreciate classic architecture and are prepared for the stewardship of an older house.
The appeal is grounded in location and value metrics. It sits on a standard city lot for the area and is part of a mature, established streetscape, as seen with its neighbouring homes. It would suit a practical buyer looking for a character home in a central neighbourhood, who values space and statistical outperformance of local averages over a modern build date or a large lot. A thoughtful perspective is that this property represents a "known quantity" within its community—its consistent value growth, evidenced by its sold price history, indicates a stable investment in a desirable inner-city enclave.
Section 2: Frequently Asked Questions
1. What does the "above average" assessed value ranking mean?
It means the municipal property assessment for 505 Walker Avenue is higher than most homes on its street and in Lord Roberts. This typically reflects the home's size, condition, and market position relative to its neighbours, but it is not a direct marker of current market price.
2. The house was built in 1910. What should I consider?
While offering classic charm, an older home like this requires careful attention to updates in major systems like wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition of the original features and any subsequent renovations.
3. How does the lot size compare?
The land area is approximately 2,206 sq ft, which is standard for the Walker Avenue streetscape but smaller than the broader city average. This means outdoor space is typical for the central neighbourhood, prioritizing a larger living area indoors over extensive yard space.
4. What is the context of the past sold prices shown?
The listed sold price ranges (e.g., CA$300k–350k in 2021) provide a benchmark for how the property's market value has trended over time. For the exact historical sale price, you can request the information via email from the listing source.
5. Who are the most logical neighbours to compare it to?
The most direct comparisons are the homes immediately adjacent on Walker Avenue (e.g., 485, 507 Walker Ave.), as they share the same streetscape, era, and lot characteristics. The "Similar Assessed Value" list shows homes across Winnipeg with identical municipal assessments, useful for understanding value but not necessarily neighbourhood specifics.