Property Overview
563 Walker Avenue is a 960 sqft home built in 1911 on a 2,207 sqft lot in Winnipeg's Lord Roberts neighbourhood. Its key appeal lies in its position as a relatively affordable entry point into a central, established area. The home's assessed value is notably below average for the city, suggesting a lower property tax burden and potential value for a buyer willing to invest in updates. The lot size is above average for Walker Avenue itself, offering more outdoor space than many immediate neighbours.
This property would suit a first-time buyer, an investor, or a hands-on owner looking for a character home with solid fundamentals in a convenient location. It's for someone who sees potential beyond current finishes and values a larger-than-street-average yard. A thoughtful perspective is that its below-average metrics city-wide aren't a drawback here, but rather define its opportunity: it offers the location and lot size of established neighbourhoods without the premium price tag of a fully modernized home.
Frequently Asked Questions
1. Is this a "fixer-upper"?
Based on its 1911 age and assessed value significantly below both area and city averages, the property likely requires modernization and maintenance. It represents a project with the core structure and location already in place.
2. Why is the assessed value so much lower than the sold price range?
Municipal assessed value for taxation purposes often lags behind market value. The recent sold price range (2024: $150k-$200k) is the current market indicator, while the low assessment suggests a potentially lower property tax bill relative to similar homes that have been recently renovated.
3. What does the "above average" lot size on the street mean for me?
While the lot is below average for the wider city, it ranks in the top 29% on Walker Avenue itself. This means you likely have more private outdoor space than many homes on the same block, a valuable asset in an older neighbourhood.
4. What are the implications of buying a 115-year-old home?
Expect character but also the need for diligent inspection. Key systems like plumbing, electrical, and the foundation may require attention or updating. This is typical for homes of this era and should be factored into renovation planning and budget.
5. How can I find out the exact past sold price?
The listing service provides an estimated range. You can request the exact historical sale price by emailing them directly through the provided button on the property page. They manually provide this data without obligation.