Property Summary: 1259 Lorette Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 1,144 sqft home, built in 1951 on a 4,941 sqft lot in Rockwood, presents a solid, above-average offering within its immediate context. Its primary appeal lies in its strong positioning relative to the local street and neighborhood, rather than city-wide comparisons. The living space is notably larger than most on Lorette Avenue, and the lot size is generous for the area, offering good outdoor space potential. With an assessed value of $371k, it sits above the local averages, suggesting it is perceived as a higher-quality home within Rockwood.
This property would suit a practical buyer looking for a well-established neighborhood. It’s ideal for someone who values being above the local norm in terms of space and value, rather than seeking a standout property city-wide. It represents a sensible choice for a buyer who prioritizes a good relative position on a specific street and community over newer construction or the largest city-wide benchmarks. The home’s vintage implies potential for updates, appealing to those comfortable with a mid-century foundation.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it consistently ranks in the top 30% on its own street for living area, assessed value, and lot size. Compared to the broader Rockwood neighborhood, it remains above average. This indicates it’s a stronger performer on its block than it might be in other parts of the city.
2. What does the assessed value tell me about the likely selling price?
The assessed value ($371k) is a municipal valuation for tax purposes, not a market price. However, its "above average" ranking locally suggests the home has features or conditions that are valued higher than many neighbors. The last sold price range (CA$350k–400k in 2023) provides a more recent market benchmark.
3. The home was built in 1951. What should I consider?
While its age is typical for the street and neighborhood, it is older than the Winnipeg average. This typically means prospective buyers should budget for potential updates to major aging systems (like plumbing, electrical, or the roof) and consider the style and efficiency of original windows and insulation.
4. Is the lot size a significant advantage?
Yes, particularly in this location. The lot is nearly 5,000 sqft, which is larger than about 70% of the lots on Lorette Avenue and above the neighborhood average. This offers more private outdoor space, gardening potential, or room for additions like a shed or deck compared to many nearby properties.
5. How can I find out the exact past sale price?
The provided sale data is from public records, not the MLS, and is shown as a range. For fully verified, exact historical sale figures, you must request a manual lookup from the site via email, as industry rules prevent the display of MLS sold records here.