Property Overview: 576 Kylemore Avenue, Lord Roberts, Winnipeg
Key Characteristics & Buyer Appeal
This home is a compact, early-1900s character property in the established Lord Roberts neighbourhood. Its primary appeal lies in being an accessible entry point into a central Winnipeg community. With a living area of 794 sqft on a 2,207 sqft lot, the home is notably smaller than both neighbourhood and city averages, suggesting a cozy, low-maintenance footprint. The assessed value is significantly below average for the area, indicating a potentially lower property tax burden and an opportunity for value-conscious buyers.
The property would suit a first-time homebuyer, an investor looking for a rental property, or someone seeking a simplified, efficient living space without a large yard to maintain. Its age (built in 1912) means it likely possesses classic charm but also requires a buyer comfortable with the maintenance and potential updates typical of a century-old home. A thoughtful perspective is that its smaller size and below-average valuation could represent a strategic "right-sizing" opportunity in a neighbourhood where larger properties command a premium, allowing for ownership in a desirable location without overextending.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbourhood average?
This is likely due to the home's smaller size and age compared to others in Lord Roberts. Assessed value for tax purposes is based on factors like living area, lot size, and building condition, not market price alone.
2. What does the ranking data (e.g., "Top 54%") for living area mean?
It means this home's living area is larger than 54% of similar homes on Kylemore Avenue, placing it around the middle for its immediate street. However, it falls below the average when compared to the wider Lord Roberts area and Winnipeg overall.
3. Is the lack of sales history on the page a concern?
Not necessarily. It may indicate the property has been held by the same owner for a long time. The exact price history can be requested directly from the site, which manually provides this data.
4. What are the implications of a 1912 build date?
You can expect classic architectural character but should budget for potential updates to systems like wiring or plumbing and plan for ongoing maintenance. A thorough home inspection is essential.
5. How does the lot size compare?
The lot is modest for the city but fairly typical for Kylemore Avenue. It offers outdoor space without the upkeep of a large yard, which can be a practical advantage for some buyers.