Property Overview: 627 Rathgar Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 627 Rathgar Avenue is a classic, post-war bungalow built in 1949, offering a grounded opportunity in Winnipeg's established Lord Roberts neighbourhood. With 728 sqft of living space, it is a compact and efficient layout, ranking below average in size for the area but presenting a manageable footprint. Its assessed value of $280k is squarely average for Rathgar Avenue and Lord Roberts, suggesting it is priced in line with its immediate peers, though it sits below the citywide average—a point that highlights the relative affordability of this inner-city community.
The appeal lies in its location and lot. The property sits on a 3,090 sqft lot, which is typical for the street, offering valuable outdoor space in a mature neighbourhood. A key, less obvious strength is its age: built in 1949, it is notably newer than many surrounding homes, which often date to the early 1900s. This could imply fewer concerns related to very old infrastructure. The home last sold between $300k-$350k in 2022, indicating a stable market perception.
This property would best suit a first-time homebuyer, a downsizer, or an investor looking for a character home in a central location without a massive renovation project. It’s for someone who values a classic neighbourhood feel, a decent-sized yard, and a home that is newer than many of its neighbours, all at a price point that is competitive within its specific locale.
Section 2: Frequently Asked Questions
1. Is this house significantly smaller than others in the area?
Yes, at 728 sqft, the living area is below the average for both Rathgar Avenue and the broader Lord Roberts neighbourhood. This indicates a more compact, efficient layout suited to simpler living.
2. How does the assessed value compare?
The $280k assessment is around the average for this specific street and neighbourhood, but it is below the average for the entire city. This reflects the character and pricing of the established Lord Roberts area compared to newer suburban developments.
3. The home was built in 1949. Is that old for this area?
Actually, it’s newer than average for Lord Roberts. Many homes here were built in the 1910s and 1920s. A 1949 build may offer some advantages in terms of construction methods and materials used in the post-war era.
4. What is the lot size, and is it typical?
The lot is 3,090 sqft, which is very standard for Rathgar Avenue and slightly below average for the city overall. It provides a good balance of yard space without excessive maintenance.
5. What does the previous sale price tell us?
It sold for an estimated $300k-$350k in 2022. This recent sale price range, above the current assessed value, suggests the market has recently supported values in that bracket, providing a useful benchmark for current pricing.