Property Overview: 576 Arlington Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1910, presents a classic character property in the Daniel McIntyre neighbourhood. With 1,080 sqft of living space and a detached garage, it sits on a standard city lot. The home features a basement that exists but has not been renovated, indicating potential for future customization.
Its primary appeal lies in its position as a grounded, no-frills entry point into the Winnipeg market. The assessed value is notably low compared to city-wide averages, which can translate to lower property taxes—a significant, long-term financial consideration often overlooked. While its size and lot are modest relative to broader city standards, they are quite typical for its specific street and neighbourhood, suggesting it fits comfortably within the local community fabric. This property would suit a first-time buyer, an investor looking for a straightforward rental, or a practical-minded individual seeking an affordable home with the character of its era, who views the unfinished basement as a canvas rather than a drawback.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is significantly below the Winnipeg city average, which typically results in lower annual property taxes. However, it's crucial to distinguish this from market value; a professional appraisal or comparative market analysis is needed to determine its actual sale price potential.
2. Is the unrenovated basement a major concern?
It indicates that significant updates have not been made to that space. While it provides storage and mechanicals, any finishing or modernization would be an additional project and cost for the buyer. It's advisable to have it inspected for moisture and structural integrity.
3. How does this home compare to others in the area?
The data shows this home is very average for Daniel McIntyre in terms of living space, assessed value, and age. It's not an outlier, meaning it likely offers a typical experience for the neighbourhood without unexpected premiums or deficiencies compared to immediate peers.
4. What is the significance of the home's age?
Built in 1910, the home will have classic architectural charm but may also have aging components like plumbing, wiring, or windows. A thorough inspection is essential to understand the condition and any needed updates to older systems.
5. The last sale was in 2020 for $190k. How relevant is that price today?
It provides a historical benchmark, but the Winnipeg market has experienced changes since then. This past price should be used as one reference point among current comparable sales and listings to gauge the present market value.