507 Carlaw Avenue

Property Overview: 507 Carlaw Avenue, Lord Roberts, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 507 Carlaw Avenue is a standout property in Winnipeg's Lord Roberts neighbourhood, primarily due to its generous scale and prime lot. Its most compelling feature is the substantial 2,068 sqft of living space, which ranks in the top 1% for size on its street and the top 2% within the wider neighbourhood. This is complemented by an exceptionally large, nearly 5,000 sqft lot, placing it in the top 3% on Carlaw Avenue. Built in 1958, it is a newer construction compared to many homes in the area, offering modern foundations while still possessing classic character.

The appeal lies in this rare combination of ample interior space and expansive outdoor potential within a well-established inner-city community. It suits buyers looking for a "blank canvas" home with room to grow, whether that means accommodating a large family, creating dedicated work/studio spaces, or planning future renovations or additions. The significant lot size is a particular asset for those valuing privacy, gardening, or outdoor entertainment, possibilities often limited on standard city lots. It’s an ideal fit for a buyer who values the charm and maturity of the Lord Roberts area but desires more square footage and land than is typically available.

Section 2: Frequently Asked Questions

1. How does the assessed value compare to the last sale price?
The home has an assessed value of $45,600. It last sold in 2021 for between $500,000 and $550,000. This large discrepancy is common, as municipal assessed value for tax purposes often doesn't directly reflect current market value.

2. Is the lot size typical for the area?
No, it is exceptional. At 4,998 sqft, the lot is significantly larger than the average for both Carlaw Avenue (approx. 2,944 sqft) and the Lord Roberts neighbourhood (approx. 3,482 sqft), offering rare potential.

3. What does the "Elite" or "Top %" ranking mean for living area?
These rankings compare this home to similar properties. Its living area is larger than approximately 99% of comparable homes on its street and 98% in the Lord Roberts area, indicating it offers much more interior space than is typical.

4. How can I find out the exact historical sale price?
The precise sale price is not publicly listed. You can request it directly via the "Get exact sold price history" feature on the listing page by providing your email. The service promises a manual reply with the accurate figure.

5. The home is from 1958. Are major systems likely original?
While newer than the neighbourhood average (many homes date to the 1930s-40s), a 68-year-old home will likely have had several updates. A thorough inspection is essential to determine the age and condition of the roof, plumbing, electrical, and heating systems.