Property Overview: 438 Airlies Street, Winnipeg
Key Characteristics & Appeal
This home at 438 Airlies Street in the Robertson neighborhood is a classic 1921-built property that presents a clear value-oriented opportunity. Its key characteristic is its position as a modest, historically older home on a smaller lot, with a living area of 1,025 sqft that is quite typical for its immediate area but below the Winnipeg city average. The primary appeal lies in its accessible price point, as evidenced by its assessed value of $199k, which sits significantly below averages for the street, neighborhood, and city. This creates a lower barrier to entry for homeownership or investment in a long-established community.
The property would suit first-time buyers seeking an affordable foothold in the market, or practical investors looking for a rental property with a manageable entry cost. Its older vintage may appeal to those who appreciate character homes, though it implies a need for thorough inspection and potential updates. A less obvious perspective is that its smaller, more efficient lot and home size could mean lower maintenance costs and utility bills compared to larger, average city properties, aligning with a simpler, more economical lifestyle.
Frequently Asked Questions
1. Is the assessed value the same as the market price?
No. The assessed value of $199k is for municipal tax purposes and is a historical snapshot. Market price is determined by current buyer demand, the property's condition, and recent comparable sales. The last known sale was between 2019-2021 in the $150k-$200k range.
2. What does it mean that the home's build year ranks "Below Average"?
This means the home (built in 1921) is older than most comparable homes in its scope. On Airlies Street, the average home was built in 1957. This suggests the property may have classic charm but likely requires careful evaluation of its major systems (like plumbing, electrical, and foundation) for modern standards and potential updates.
3. The lot size seems small. Is that a disadvantage?
The lot is approximately 3,000 sqft, which is smaller than most in the area. This can be an advantage for those seeking lower yard maintenance. However, it may limit expansion possibilities or outdoor space for larger gatherings, so it depends on the buyer's lifestyle priorities.
4. How does this property compare to others nearby?
Within Robertson, its living space is close to the neighborhood average. Its standout feature is its value; it has one of the lowest assessed values on the street and in the area, suggesting it could be a more affordable option than many neighboring homes.
5. How can I find out the exact past sale prices?
The site provides sold price ranges for context. Due to data licensing rules, exact sale figures are not displayed publicly. You can request the exact sold price history directly via email through the provided form on the property page for a manual lookup.