Property Overview: 594 Kylemore Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home is a study in contrasts, offering a blend of historic character and practical space within a well-established neighbourhood. Built in 1909, it is notably older than most homes on its street and in Winnipeg overall, suggesting a property with classic architectural roots. Its primary appeal lies in its generous 1,120 sqft living area, which ranks well above average for Kylemore Avenue and is comfortably sized compared to the immediate Lord Roberts area. This creates a scenario where you get more interior space than many neighbouring homes, all situated on a modest, manageable 2,207 sqft lot.
The assessed value is positioned as above average for Lord Roberts, indicating the area recognizes the combination of its location and living space. Recent sale history shows consistent value in the $250k-$300k range over the past decade. This property would suit a buyer who values the charm and solid construction of an early-20th-century home and prioritizes interior square footage over a large yard. It’s a pragmatic choice for someone looking for character without the extreme upkeep of a true heritage project, in a central, mature neighbourhood.
Frequently Asked Questions
1. What does the "above average" living area ranking actually mean for me?
It means that for its specific street and neighbourhood, this home offers more interior space than most comparable properties. You are likely getting a more spacious floor plan than you would find in many other homes in the immediate area.
2. The home is much older than average. Should I be concerned?
The 1909 build date signals a need for a thorough inspection focused on updates to foundational systems like wiring, plumbing, and insulation. While it suggests character, the priority is understanding how its age has been managed through maintenance and renovations.
3. How does the smaller lot size impact the property?
The land area is below average for the city, which typically means lower maintenance and less outdoor upkeep—a potential plus for some. However, it's closer to average for the street itself, so it doesn't stand out as unusually small in its local context.
4. The assessed value seems low compared to the sale price ranges. Why?
Municipal assessed value for tax purposes often lags behind market value and is calculated using a specific formula. The consistent sale prices in the $250k-$300k range are a more current indicator of the home's market value.
5. What is the neighbourhood (Lord Roberts) like?
Lord Roberts is a mature, central Winnipeg neighbourhood. The presence of many homes built in the early to mid-1900s indicates a stable, established community with tree-lined streets, often appealing for its accessibility and lack of new, high-density development.