Property Overview: 578 Kylemore Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 578 Kylemore Avenue in Lord Roberts is a classic, early-1900s character property that presents a practical opportunity. Its key appeal lies in its established neighbourhood setting and its position as a relatively affordable entry point into the Winnipeg market. With 892 sqft of living space and a 2,207 sqft lot, it is a compact home that ranks around average for its immediate street but below the citywide averages for both size and lot dimensions.
The data suggests it suits a specific type of buyer: a first-time homebuyer, an investor, or a downsizer looking for a manageable property without a premium price tag. Its assessed value is notably below the city average, indicating a lower property tax burden—a significant, often overlooked advantage. While it may require updates common for a 1911-built home, its recent sale history shows steady value appreciation. The appeal is grounded in practicality rather than luxury, offering a chance to live in a central neighbourhood with a home that has proven to be a stable, if modest, financial asset over the past decade.
Section 2: Frequently Asked Questions
1. How does this home’s value compare to the area?
The home’s assessed value is around average for the Lord Roberts neighbourhood but ranks in the top 86% citywide, meaning it is assessed significantly lower than most homes in Winnipeg. This typically translates to lower annual property taxes.
2. Is the lot size a limitation?
At 2,207 sqft, the lot is smaller than most in the city and the broader neighbourhood. This means lower maintenance but less private outdoor space. For some buyers, this is a worthwhile trade-off for the location and affordability.
3. What should I consider about the age of the home?
Built in 1911, the home is older than most on its street and in the city. Prospective buyers should budget for potential updates to systems like wiring or plumbing and consider a thorough inspection to understand the condition of original features.
4. Has the property’s value increased?
Based on available sold price ranges, the property’s value has increased from the $150k-$200k range in 2016/2017 to the $200k-$250k range in 2022, indicating positive market movement.
5. Where can I get more specific historical data?
The exact sold prices are not publicly listed in detail. You can request the precise historical sale figures directly via the email option provided on the listing page.