Property Overview: 572 Walker Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, historic home built in 1909, offering a straightforward entry point into Winnipeg’s Lord Roberts neighbourhood. Its primary appeal lies in its affordability and location, positioned well below the average price point for the area and city. With 612 square feet of living space, it is notably smaller than most homes, ranking in the bottom 10% for size on its own street. The assessed value is also comparatively low, placing it in a more accessible tier.
This property would suit a specific type of buyer: a first-time purchaser, an investor, or someone looking to downsize who prioritizes location and land ownership over interior space. Its modest footprint and lower taxes could be attractive for those seeking a minimalist lifestyle or a strategic hold in a central neighbourhood. A thoughtful perspective is that this home represents a "blank canvas" opportunity—its value is anchored more in the land and location than in the existing structure, appealing to those with a vision for renovation or future redevelopment.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sold price range?
Assessed values for tax purposes often lag behind current market values, especially in active markets. The recent sale in the $150k-$200k range reflects what a buyer was willing to pay, while the assessed value is an older administrative valuation.
2. What does the living area ranking mean for daily living?
Ranking in the bottom 10% for size on the street confirms this is a very compact home. It will require efficient use of space and likely suits individuals, couples, or those comfortable with a cozy, low-maintenance layout rather than a family needing multiple bedrooms.
3. Is the older year of build (1909) a concern?
It means the home has inherent character but also requires diligent inspection. Buyers should budget for potential updates to older mechanical systems, insulation, and windows, common in houses of this era.
4. How does the lot size compare?
At 2,206 sq. ft., the land is fairly average for Walker Avenue but below average for the wider neighbourhood and city. This is typical for older, central communities and still offers a private outdoor space, which is a valuable asset in the area.
5. Who are the most likely comparable properties?
The listed comparables (like 558 and 619 Rathgar Avenue) are useful guides. They are also in Lord Roberts, of similar vintage, but are significantly larger in living area. This highlights that 572 Walker Avenue is priced for its smaller size, making it a distinct, lower-priced option within the same historic neighbourhood.