Property Overview
This 960 sqft home at 857 Cockburn Street S in Lord Roberts presents a practical opportunity in a well-established Winnipeg neighbourhood. Built in 1955, it sits on a modest 1,925 sqft lot. The home sold in the $250k-$300k range in 2024, with a current assessed value of $27,300. Its appeal lies in its relative affordability and position in a central, mature area. The data suggests it's a smaller, more compact property compared to many in the city, but it holds its own within its immediate Lord Roberts context, where its assessed value and living space are closer to the local averages.
This property would likely suit first-time buyers or investors looking for an entry point into a central neighbourhood without a premium price tag. It may also appeal to downsizers seeking a lower-maintenance lot. A thoughtful perspective is that its smaller lot size, while below average, translates to less yard work and lower exterior maintenance costs—a potential benefit for those prioritizing simplicity. Additionally, its 1955 build date is newer than many homes in Lord Roberts, potentially implying updates to major systems compared to century-old counterparts, though a thorough inspection would be needed.
Frequently Asked Questions
1. How does this home's size compare to others in the area?
At 960 sqft, the living area is below the average for the city, but it's more competitive within the Lord Roberts neighbourhood itself, ranking in the top 61% locally. This indicates it's a cozier, more efficient footprint typical of many central, older neighbourhoods.
2. Is the assessed value a good indicator of the market price?
The assessed value ($27,300) is for municipal tax purposes and is typically much lower than market value. The 2024 sale price in the $250k-$300k range is the relevant market indicator. The low assessment could result in relatively lower property taxes, which is a positive ongoing cost consideration.
3. What should I know about the lot size?
The lot is 1,925 sqft, which is significantly smaller than the Winnipeg average. This means a very manageable yard but limited space for expansions, additions, or extensive outdoor amenities. It's a trade-off that suits low-maintenance living.
4. How does the 1955 build year compare to neighbouring homes?
This home is newer than many in Lord Roberts, where the average build year for comparable homes is around 1933. This could be an advantage, potentially meaning fewer issues associated with very old construction, though the home is still 70+ years old and requires a diligent inspection.
5. Who might this property not suit?
It may not be ideal for buyers needing multiple large bedrooms, extensive living space, or who envision significant renovations requiring a large yard for permits and setbacks. Families desiring a large private backyard for play may also find the lot size limiting.