Property Summary: 492 Robertson Street, Winnipeg
Key Characteristics & Appeal
This 1,008 sqft bungalow, built in 1954 on a 4,697 sqft lot, presents a solid, middle-ground option in the Robertson neighborhood. Its primary appeal lies in its strong standing within the immediate area. While its size is below the Winnipeg city average, it is typical for its street and neighborhood, suggesting it fits comfortably within the local housing fabric. The assessed value of $350,000 is a key highlight, ranking in the elite top 3% for the Robertson area, indicating it is perceived as a higher-value home compared to most neighbors. This creates an interesting dynamic: you're acquiring a property that is premium for the neighborhood while still being priced around the citywide average.
The home would suit a first-time buyer or downsizer looking for a manageable footprint without sacrificing yard space. It’s also a pragmatic choice for an investor or buyer who values neighborhood equity over sheer square footage, as the data suggests the property holds its value exceptionally well within its specific community context. The appeal is less about standout features and more about acquiring a well-positioned, stable asset in a mature area.
Frequently Asked Questions
1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value is for municipal tax purposes and is not a direct market appraisal. However, its "elite" ranking in the neighborhood suggests the property has characteristics (like condition, upgrades, or lot appeal) that are valued above area norms, which can be a positive market signal.
2. How does the below-average living area (citywide) impact value?
While smaller than the Winnipeg average, the home is on par with its immediate surroundings. This means its value is more tightly linked to the Robertson market. For the right buyer, it represents efficiency and lower maintenance without being an outlier on its street.
3. What does the sold price data from 2021 tell us?
It shows the property sold in the upper tier for the neighborhood at that time (top 7%). This historical context, combined with its current high assessed value ranking, indicates a pattern of strong valuation within Robertson, though current market conditions must be evaluated separately.
4. Are the nearby "comparable" properties truly similar?
The listed nearby properties vary in size, value, and year built. This underscores that Robertson is a diverse neighborhood. Direct comparisons should be made carefully, focusing on the most recent sales of homes with similar lot sizes and living areas for an accurate picture.
5. How can I verify the exact past sold prices?
Due to industry regulations, exact MLS sale histories are not published on this site. You can request the exact figures via email from the site provider for a manual lookup, or consult with a real estate agent who has direct access to the complete transaction database.