Property Overview: 487 Airlies Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a practical opportunity in Winnipeg’s Robertson neighborhood. Its key appeal lies in being a more affordable entry point into the area, with an assessed value notably below averages for the street, neighborhood, and city. The 1,080 sqft living space is modest but efficient, ranking above the neighborhood average, suggesting a comfortable size for the area.
The property suits first-time buyers or investors seeking a lower-cost foothold in a mature community. Its 1912 build date means it is one of the oldest homes on the block, appealing to those who appreciate character homes but also indicating a greater potential need for updates and maintenance. The lot size is smaller than most comparables, which translates to less yard upkeep—a plus for those seeking a low-maintenance exterior—but less private outdoor space.
A thoughtful perspective: while its metrics often rank "below average" compared to peers, this is precisely what creates its value proposition. It offers the location and neighborhood amenities of Robertson without the premium price tag, making it a project-friendly home for a buyer willing to invest sweat equity or gradual updates.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value of $237k is for municipal tax purposes. Market value (what a buyer might pay) is determined by current market conditions, the home’s state, and recent sale prices of similar properties.
2. What does it mean that the home was built in 1912?
As one of the oldest homes on the street, it likely possesses classic architectural character. Buyers should budget for potential updates to older systems like wiring, plumbing, or insulation, and consider a thorough inspection.
3. The lot size seems smaller than others. Is that a disadvantage?
It depends on your priorities. The 3,007 sqft lot is below average in size, meaning less garden space. However, this also means significantly less yard work and lower maintenance, which can be a benefit for busy households.
4. How recent is the sold price data shown?
The listed sale (between $200k-$250k) is from December 2020. This is a historical data point and may not reflect current market value. More recent sales in the area should be researched for a clearer picture.
5. The home ranks "below average" in several categories. Should I be concerned?
These rankings are comparative tools, not quality judgments. They highlight that this home is a more modest option in its surroundings. This is typically reflected in a more accessible price, making it a strategic choice for budget-conscious buyers seeking this location.