Property Overview: 592 Rathgar Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a classic 1916 residence in the established Lord Roberts neighbourhood. With 1,048 sqft of living space, it sits comfortably around the average size for both its street and local area. Its standout feature is the 4,326 sqft lot, which is notably larger than most on Rathgar Avenue and in Lord Roberts, offering valuable outdoor space and potential in a mature setting.
The appeal lies in its balanced, grounded profile within a character neighbourhood. It’s not an outlier in size or assessed value, which can indicate a stable, predictable investment among comparable homes. The property suits a practical buyer—perhaps a first-time homeowner or downsizer—who values a larger lot in a central location over a newer or extensively renovated home. It’s for someone comfortable with the charm and considerations of a century-old house and who sees the extra land as a long-term asset for gardening, expansion, or simply more privacy than the neighbourhood typically affords.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value is a municipal figure for tax purposes. The last known sale was between $250k-$300k in 2020. Market value is determined by current conditions, so consulting a recent comparative market analysis is essential.
2. What are the considerations with a 110-year-old home?
While the construction year is typical for the area, a home from 1916 will likely have older infrastructure. Prospective buyers should budget for potential updates to plumbing, electrical, or the foundation, and should prioritize a thorough inspection.
3. The lot is large for the area. What does that mean?
The above-average lot size is a key asset. It provides more yard space and may offer future potential for additions or landscaping projects, subject to local zoning bylaws. It also means the property’s value is tied significantly to the land itself.
4. What is the neighbourhood of Lord Roberts like?
Lord Roberts is a central, mature neighbourhood near the Osborne Village and Corydon Avenue areas. It typically offers a mix of character homes, walkable streets, and convenient access to amenities, with a community-oriented feel.
5. How can I find out the exact historical sale prices?
The provided sale price data is a public range. As noted on the listing, you can request the exact sold price history by contacting the site directly via email, as they maintain a more precise, manually verified record.