Property Overview: 409 Airlies Street, Winnipeg
Section 1: Key Characteristics & Appeal
This 1947-built home in the Robertson neighbourhood presents a practical, value-oriented opportunity. At 977 sqft on a 4,382 sqft lot, its living space is modest but aligns with the area's average. The core appeal lies in its accessible price point, as the home's assessed value of $197k is significantly below averages for its street, neighbourhood, and the wider Winnipeg market. This creates a clear entry point into homeownership.
The property suits first-time buyers or investors seeking a straightforward, lower-cost asset with renovation potential. Its appeal is grounded in affordability rather than luxury, offering a chance to build equity in a mature neighbourhood. A thoughtful perspective is that while the home ranks below average in size and value on its own street, it sits closer to the norm within the broader Robertson area, suggesting it's a more typical example of the local housing stock than the street's averages might imply. It’s a home for those comfortable with a property that may require updates, prioritizing financial accessibility and location over modern finishes or above-average square footage.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the street average?
The assessed value of $197k is well below the street average of approximately $310k. This typically reflects the home's smaller size, older construction date relative to neighbours, and potentially its current condition or layout as assessed for tax purposes. It indicates a more affordable entry point on this street.
2. How does the living area compare to nearby homes?
At 977 sqft, the living area is slightly below the average for Airlies Street (~1,108 sqft) but is exactly the average for the Robertson neighbourhood. This suggests the home offers a typical amount of space for the immediate area, though some larger homes on the same street pull the local average up.
3. What can the past sale prices tell me?
The home sold in 2016 and again in 2020, with both sold prices falling in the $150k-$200k range. The data shows these prices were consistently in the top 90+ percentile for affordability (i.e., among the lowest-priced sales) for the area and city at those times, reinforcing its long-standing position as a value-oriented property.
4. Is the lot size a constraint?
The lot size of 4,382 sqft is below the street average but very close to the neighbourhood average. It provides a standard outdoor space for the area and is not unusually small within the broader Robertson context, though it may be less expansive than some direct neighbours.
5. How can I find out the exact historical sale prices?
The provided data shows broad price bands. Due to industry rules, exact sale figures are not published automatically. You can request the precise sale history by email through the listing site for a manual lookup, which they provide without using your email for marketing.