Property Summary: 495 Walker Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 495 Walker Avenue in Lord Roberts is a classic, compact character property built in 1911. Its primary appeal lies in its position as a relatively affordable entry point into a well-established neighbourhood. With 715 sqft of living space, it is notably smaller than average for the area, suggesting a cozy, low-maintenance footprint. The lot size is modest but typical for the street. The assessed value is around average for Walker Avenue itself but sits below the wider city average, indicating a value proposition within its immediate locale.

This property would best suit first-time buyers, downsizers, or investors seeking a character home without a premium price tag. Its smaller size and efficient layout appeal to those looking to minimize upkeep and utility costs. A thoughtful perspective for a buyer is to see the below-average living space not just as a limitation, but as a forced simplicity—an opportunity to own a character home while committing to a more intentional, less cluttered lifestyle. The fact that it holds an average assessment on its own street suggests it fits comfortably within the fabric of this specific block, which can sometimes offer more community feel than a home that stands out dramatically in size or value.

Section 2: Frequently Asked Questions

1. How does the smaller living area impact value and livability?
At 715 sqft, the home is significantly cozier than the neighbourhood average. This typically translates to a lower purchase price and ongoing costs, but requires efficient use of space. It’s ideal for a single person, a couple, or someone comfortable with a minimalist layout.

2. What does the assessed value tell me about this property?
Its assessment is around the middle of the pack for Walker Avenue, but below the citywide average. This often means you are paying for the location and the lot within a desirable older area, rather than for extensive square footage.

3. The home was built in 1911. What should I consider?
While full of character, a 115-year-old home will likely have older systems (plumbing, electrical, foundation). A thorough inspection is essential to understand the condition and any needed updates, which should be factored into your budget.

4. How does the lot size compare, and what are the implications?
The land is about average for the street but smaller than most in the city. This means lower exterior maintenance and property taxes tied to land value, but also limited space for large additions, decks, or gardening.

5. Can I find out the exact historical sale price?
The listed sale price range is based on public data. The exact sale price is available by request from the listing service. They provide this detail manually via email, typically by the end of the same business day.