Property Overview: 404 Robertson Street, Winnipeg
Key Characteristics & Appeal
This 1947-built home on Robertson Street presents a straightforward, value-oriented opportunity. At 977 square feet, its living space is typical for the immediate street and neighborhood, but sits below the Winnipeg city average. The lot size of 4,500 square feet is also in line with local norms. The most defining characteristic is its assessed value of $185k, which is significantly below averages for the street, neighborhood, and city. This suggests a potentially lower entry point for buyers.
Its primary appeal lies in affordability and lot potential within an established community. It suits first-time buyers seeking a foothold in the market, investors looking for a rental property with a manageable price point, or practical buyers who prioritize land value and location over a larger or more modern home. A thoughtful perspective is that a home with below-average assessments can offer more predictable property taxes, and a vintage 1940s build may feature solid construction materials often favored over some later decades.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While specific reasons aren't listed, a lower assessment can stem from factors like the home's condition, specific market adjustments, or features that differ from area averages. It's a key point to investigate further through a viewing and professional inspection.
2. What does the sold price range (CA$150k–200k) indicate?
The sold price range from late 2023 suggests the home transacted close to its assessed value, reinforcing its position as a below-market-average property for the area. For exact figures, a manual lookup is required.
3. How does the 1947 build year compare?
The home is older than most on its street and in the city. This typically means potential for character but also a greater need for diligence regarding updates to major systems like plumbing, electrical, and the roof.
4. Is the living space sufficient?
At 977 sq ft, it's average for Robertson Street. It likely accommodates a small family or couple comfortably, but buyers needing ample indoor space should consider this in line with their needs.
5. How does the lot size compare?
The 4,500 sq ft lot is very standard for the neighborhood. It offers typical backyard space for the area but is smaller than the Winnipeg city average, which often includes newer suburban developments.