1023 Lorette Avenue

Property Overview

1023 Lorette Avenue is a standout home in Winnipeg's Rockwood neighbourhood, built in 2015. Its primary appeal lies in offering modern construction and generous space within an established area, presenting a rare blend of new and old.

Key Characteristics & Ideal Buyer

This home is defined by its significant size and modern age relative to its surroundings. With 1,920 sqft of living space, it ranks in the top 6% on its street and top 3% in Rockwood, offering substantially more room than the typical area home. Its 2015 build date makes it a notably newer property in a neighbourhood where most homes were built in the mid-20th century. The assessed value of $640k reflects this premium, ranking in the top 1% both on the street and in the neighbourhood.

The appeal is clear: you get a contemporary, low-maintenance home with ample interior space without having to move to a new suburban development. It suits buyers looking for modern comforts—like updated systems and layouts—while still enjoying the mature trees and settled character of Rockwood. It’s an ideal fit for a professional or a growing family who values space and newer construction but doesn’t want to compromise on location.

A thoughtful perspective is the lot size. At just over 4,000 sqft, the land area is average for the street but below average for the wider city. This suggests the property’s value is driven overwhelmingly by the size and newness of the home itself, rather than an expansive yard. It’s perfect for those who prefer indoor living space over extensive outdoor maintenance.

Frequently Asked Questions

1. How does this home’s value compare to nearby properties?
The home’s assessed value of $640k is exceptionally high for the area, doubling the street average of ~$322k. This is directly linked to its large size and very recent build date compared to its neighbours.

2. What does the sold price history indicate?
Records show it last sold in March 2020 for between $600k and $650k. This suggests the current assessed value is in line with its recent market price. Exact figures can be provided upon request.

3. Is the lot size a drawback?
The lot is average for Lorette Avenue but smaller than many city properties. It prioritizes the home’s footprint over yard space. This is a common trade-off for newer infill homes and will appeal more to those who value a large interior over a large garden.

4. Why is this home considered “Elite” in Rockwood?
It ranks in the top 3% for living area and top 1% for assessed value in the neighbourhood. Its 2015 construction date is also in the top 2%. Simply put, it’s a much larger and newer home than almost anything else in the area.

5. Who are the typical neighbours?
The surrounding homes are primarily from the 1920s-1950s, with smaller living areas (often between 680-1,100 sqft) and lower assessed values (typically $200k-$300k). This home is a clear anomaly, offering a different lifestyle within the same established streetscape.