Property Overview: 453 Airlies Street, Winnipeg
Key Characteristics & Appeal
This home at 453 Airlies Street is a compact, post-war residence built in 1947, offering 700 square feet of living space on a 3,756 sqft lot. Its key characteristic is its position as a value-oriented entry point into the Robertson neighborhood. The appeal lies in its affordability, with an assessed value significantly below area and city averages. This creates a lower barrier to entry for homeownership and potential for equity growth in a well-established community.
The property would suit first-time buyers or investors seeking a straightforward, no-frills asset. Its smaller size and lot make it manageable for those looking to minimize upkeep and costs. A thoughtful perspective is that its below-average metrics across the board are precisely what define its opportunity; it represents the "baseline" property in the area, offering a stake in the neighborhood without premium pricing. It’s a practical choice for someone prioritizing financial positioning over space, potentially allowing for future renovation or holding as the area evolves.
Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $194k is for municipal tax purposes. Market value is determined by what a buyer is willing to pay in the current market, which can be higher or lower. The last known sale was between $150k-$200k in March 2018.
2. How does the smaller living area compare to nearby homes?
At 700 sqft, this home is smaller than most in the immediate area. The average living area on Airlies Street is 1,108 sqft, and in the Robertson neighborhood, it's 977 sqft. This is a key factor in its lower assessed value.
3. What does the "Top X%" ranking mean for each category?
It indicates how this property compares to similar homes in that scope. For example, being in the "Top 94%" for assessed value on its street means its value is higher than 94% of comparable homes on Airlies Street—or, put another way, it is one of the least expensive on the street.
4. Can I get the exact historical sale price for this home?
The site provides a sold price range from 2018. Due to industry rules, exact MLS sale figures are not displayed publicly. You can request the exact transaction history via email from the site provider for verified figures.
5. What are the potential downsides of a home with below-average metrics?
The smaller size and older construction date may mean fewer modern amenities, less storage, and potentially higher per-square-foot maintenance costs. The lot size offers less outdoor space than typical area properties. It’s important to weigh the financial advantage against your space and lifestyle needs.