Property Overview: 761 Rathgar Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This 1,048 sqft home, built in 1947, sits on a standard 3,435 sqft lot in the established Lord Roberts neighbourhood. Its core appeal lies in its strong positional value within its immediate context. While its size and lot are average for the area, its assessed value of $300k ranks in the top 20% on Rathgar Avenue itself, suggesting it is viewed as a well-maintained or desirable property on this specific street. The home last sold between $300k-$350k in 2024, a significant increase from its $200k-$250k range in 2019, indicating robust demand and appreciation in recent years.
This property would suit a practical buyer looking for a home in a mature, central neighbourhood without requiring a large lot. It’s ideal for someone who values being on a street where homes hold above-average value locally, potentially offering more stability than other parts of the city. The buyer should be comfortable with a home of vintage character (nearing 80 years old) and may see it as a solid, move-in-ready option or a straightforward candidate for gradual updates.
Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
City-wide, its assessed value is below average, ranking in the top 71%. This highlights that you are paying primarily for the location within the desirable Lord Roberts area and on Rathgar Avenue itself, rather than for maximum square footage or land size compared to newer suburban developments.
2. The home sold recently in 2024. What does that mean for me?
The recent sale indicates the current market price is likely close to the listed range. It provides a clear, modern benchmark for value but also means there may be less potential for rapid short-term appreciation compared to a home that hasn’t been traded in many years.
3. The home was built in 1947. What should I consider?
While the construction date is older than most city homes, it is actually newer than many on its street and in Lord Roberts. This is a relative advantage locally, but a standard pre-purchase home inspection is essential to understand the condition of major aging components like wiring, plumbing, and the foundation.
4. Is the lot size a pro or a con?
The lot is average for the neighbourhood but below average for Winnipeg. This means lower maintenance, which is a plus for many, but less potential for large additions or extensive outdoor living space. It’s typical for the area’s character.
5. Can I get the exact historical sale prices?
The provided sale prices are estimated ranges from public data. The listing service offers to provide the exact sale prices via email upon request, as this data is not publicly disclosed in full detail in Manitoba.