Property Overview: 550 Rathgar Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 550 Rathgar Avenue is a classic, early 20th-century residence built in 1914, situated on a standard-sized lot in the established Lord Roberts neighbourhood. Its key appeal lies in its position as a solid, comparably valued property within its immediate area. While its 900 sqft living area is modest by broader city standards, it is typical for Rathgar Avenue, suggesting a comfortable fit within the streetscape. The assessed value is notably above average for the street, which can indicate above-average upkeep, improvements, or desirable lot attributes relative to its neighbours.
This property would suit a pragmatic buyer looking for a character home in a central neighbourhood without the premium often attached to larger, renovated properties. It’s a potential candidate for someone comfortable with a home of vintage charm that may benefit from updates, or for an investor seeking a stable asset in a consistent area. A thoughtful perspective is that its "above-average" assessment on the street could provide a stronger value foundation relative to immediate neighbours, even if it appears below average in a city-wide context.
Section 2: Frequently Asked Questions
1. How does this home’s size compare to others nearby?
At 900 sqft, the living area is very close to the average for both Rathgar Avenue (1,011 sqft) and the wider Lord Roberts neighbourhood (1,071 sqft). It offers a practical footprint typical of many homes in the area.
2. Why is the assessed value higher than the street average?
The assessed value of $29.90k ranks in the top 24% on Rathgar Avenue. This suggests that municipal assessment views this property as having a higher value than most on its block, possibly due to condition, specific features, or lot desirability.
3. What is the typical price range for homes here?
Based on nearby sales data, a comparable home on this street sold in the range of $250k-$300k in 2017. For a more precise and current history, the exact sold prices can be requested directly from the listing service.
4. Is the lot size a constraint?
The lot of 2,869 sqft is standard for the area, ranking near the middle of the pack on the street and in Lord Roberts. It provides typical backyard space for the neighbourhood but is smaller than the newer, suburban city-wide average.
5. What should I consider about a home built in 1914?
A home of this age offers character and an established location. Prospective buyers should budget for potential updates to systems like wiring or plumbing and consider an inspection to understand the condition of original features. Its age is typical for the area, with many neighbouring homes built in the same era.