Property Overview: 627 Walker Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,012 sqft home, built in 1947, presents a compelling mix of established character and relative modernity for its Lord Roberts neighbourhood. Its standout feature is the generous 4,413 sqft lot, which is exceptionally large for the area, ranking in the top 2% on Walker Avenue. This offers significant outdoor space and future potential that is rare in mature communities. The home’s assessed value ranks well above average for both the street and the neighbourhood, suggesting it is viewed as a solid asset within its immediate context.
The appeal lies in this balance: you get a home that is newer than many in the area on a lot that provides a sense of space and privacy uncommon in central neighbourhoods. It suits a practical buyer who values a substantial yard for gardening, children, or entertaining, but doesn’t want a century-old home. It would also suit an investor or homeowner looking for a property with strong fundamentals (lot size, above-average assessment for the area) in a well-established community, possibly with an eye toward long-term value.
Section 2: Frequently Asked Questions
1. How does the sold price from 2022 relate to its current value?
The home sold for an estimated $300k-$350k in 2022. While not a direct indicator of today’s market price, it provides a recent benchmark. Its assessed value remains strong relative to neighbours, suggesting it has held its value well in the area.
2. What does the "above average" assessed value ranking mean for taxes?
A higher assessment relative to nearby homes typically means you will pay proportionally higher property taxes. However, it can also indicate the property is considered a premium asset on its street, which can be positive for resale.
3. The living area is noted as "around average." Is the house small?
At just over 1,000 sqft, it’s comparable to many homes in Lord Roberts. The trade-off is the lot size. You’re getting average interior space on a much larger-than-average parcel of land, which some buyers will prefer.
4. The home is from 1947. What should I expect regarding updates?
While newer than the neighbourhood average (many homes are from the 1910s-1930s), a 79-year-old home will still likely need systems updates (like plumbing or electrical) and may have a layout that feels dated. A thorough inspection is essential.
5. Why is the lot size such a standout feature?
In mature, centrally located neighbourhoods like Lord Roberts, large lots are often the first to be redeveloped or subdivided. This lot’s size offers rare potential for expansion, adding a deck or garage, or simply enjoying more green space than is typically available.