Property Overview: 585 Hethrington Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Hethrington Avenue presents a distinct profile centered on value and potential within the established Lord Roberts neighbourhood. Its key characteristic is a living area of 1,170 sqft, which is notably above average for both the immediate street and the broader area, offering more interior space than many comparable local homes. However, this comes with a counterpoint: the property’s assessed value is significantly below average across all comparison levels. This combination suggests a home that may require modernization or investment, positioning it as a value-oriented opportunity rather than a turn-key property.
Its appeal lies in the chance to secure a character home (built in 1914) with generous interior space in a central neighbourhood, likely at an accessible price point, as indicated by its recent sold price range and low assessment. It would suit practical, value-conscious buyers such as renovators, investors looking for a hold-and-improve property, or first-time buyers willing to trade immediate condition for location and square footage. A less obvious perspective is that its below-average lot size for the city but average lot for the street reinforces its identity as a classic inner-city property, where the value is in the house and location, not expansive outdoor space.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
A significantly below-average assessment often reflects a home’s condition, specific market factors, or features that are not fully captured in the valuation model. For this property, it is consistent with an older home that likely requires updates.
2. What does "above average" living area mean in this context?
It means this home’s interior space (1,170 sqft) is larger than most similar properties on its street and in the Lord Roberts area. For the immediate neighbourhood, it ranks in the top 17% for size.
3. Is the 1914 build date a concern?
The year built is around average for Lord Roberts, a neighbourhood with many heritage-era homes. While it implies potential for older-home maintenance (like wiring or plumbing), it is not an outlier for the area. A pre-purchase inspection is essential.
4. How reliable is the sold price range shown?
The range (CA$150k–200k for 2024) is based on public data. For the exact sale price to inform your offer, you must request it directly via the provided email service, as this information is not publicly disclosed in detail.
5. Who are the most likely buyers for this property?
This home is best suited for buyers with a vision for improvement—renovators, investors, or handy first-time purchasers—who prioritize securing more interior space in a central location at a value-based entry point.