Property Overview & Key Characteristics

This 1911 one-storey home on Rathgar Avenue is a classic Winnipeg character property with a compact, efficient footprint. Its primary appeal lies in its exceptional value within the highly desirable Lord Roberts neighbourhood. With a living area of 660 sq ft, it ranks within the top 10% of homes in the area for size, indicating it is a relatively spacious offering for its style. The lot is a generous 2,207 sq ft, providing valuable outdoor space. A key, less obvious point is its remarkably low assessed value ($15,600), which places it in the top 5% of all Winnipeg properties for low assessment. This suggests significant potential for value growth with updates, but also means property taxes will be comparatively low for the neighbourhood. The home has an unrenovated basement, presenting a clear opportunity for future expansion or customization.

This property would suit a first-time buyer or an investor looking for an entry point into a prime, central neighbourhood. It’s also ideal for a downsizer or someone seeking a low-maintenance, character-filled home with a great yard. The buyer should be prepared for a project, as the home likely requires modernization, but will be rewarded with a fantastic location and a solid foundation.

Frequently Asked Questions

1. What does the low assessed value actually mean for me?
It primarily indicates a much lower annual property tax bill compared to neighbouring homes. It also suggests the city’s assessment sees significant room for value increase, which is typically realized through renovations and updates.

2. Is the 660 sq ft living area manageable?
For a single person, couple, or small family, it can be very efficient. The ranking data shows it's actually larger than over 90% of similar vintage homes in Lord Roberts, meaning it was built as a more substantial offering for its time. The large lot also allows for future additions, subject to permits.

3. The basement is "not renovated." What condition should I expect?
Expect a classic, unfinished Winnipeg basement with a concrete floor and foundation walls. It will provide essential utility space and storage, but will require investment to become a finished living area. Have a thorough inspection to check for moisture issues common in century-old homes.

4. How does this 1911 home compare to nearby properties?
The comparison list shows a wide range, from similarly aged homes with higher assessments due to updates, to a new 2021 build valued at $410k. This highlights both the character of the neighbourhood and the specific opportunity here: you are buying the location and the lot, with the home itself representing the customizable element.

5. There's no garage. Is street parking a problem in this area?
Lord Roberts features traditional, narrower lots where many homes lack garages. The immediate proximity to nearby properties (8-23 meters) confirms a typical streetscape with on-street parking. It’s generally reliable, but you should visit at different times to gauge availability.