Property Overview: 1524 Arlington Street, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home on Arlington Street presents a classic Winnipeg character property built in 1928. Its primary appeal lies in its generous scale and significant lot. With a living area of nearly 2,000 sq ft, it ranks in the top 4% of homes on its street for size, offering substantial interior space. The 6,005 sq ft land parcel is even more notable, placing in the top 2% locally, presenting a major opportunity for gardening, expansion, or simply enjoying ample outdoor space in the city.
The home suits buyers looking for a project with solid fundamentals. It has an unrenovated basement, indicating potential for customization, and comes without a garage, which is reflected in its accessible price point. Recent sale and assessment data suggest a market value that is very competitive for the amount of space offered. This property is ideal for a handy buyer or investor who values square footage and land size over move-in-ready finishes, and who sees the value in a home that ranks highly in its immediate area for both living area and lot size. A thoughtful perspective is that while the home itself is from 1928, the lot size is a permanent feature that cannot be replicated in newer developments, offering a rarity that grows more valuable over time.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a home of this era?
It usually indicates the basement retains its original state, likely with a concrete floor, foundational walls, and older mechanical systems (like the furnace or electrical). It presents a blank canvas for finishing but requires inspection to understand any needed updates or moisture control measures.
2. The assessed value is significantly lower than the recent sale price. Why is that?
Municipal assessed value for tax purposes often lags behind the current market. The recent sale price is a stronger indicator of the home's present market value, as it reflects what a buyer actually paid under recent market conditions.
3. With no garage, what are the parking options?
The property likely relies on street parking. Given the very large lot, there is a clear possibility to add a driveway and a garage or carport in the future, subject to local zoning and permit approvals.
4. The home ranks highly for lot and living area, but lower for year built. What should I consider?
This highlights the property's trade-off: you are getting exceptional space for the area, but in an older home that will require ongoing maintenance and potentially more updates to systems like wiring or plumbing. The value is in the space and land, not in modern construction.
5. How does the sold price compare to the referenced nearby properties?
The sold price of $27.5k is notably higher than many smaller, similar-aged homes on the list, but it is directly justified by this property's significantly larger living area—it's over twice the size of some comparables. You are paying for substantial extra square footage.