Property Summary: 602 Arlington Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home in Winnipeg's Daniel McIntyre neighbourhood, built in 1922. With 760 sqft of living space and a recently renovated basement, it offers efficient, no-fuss living on a standard city lot. Its assessed value is notably low compared to the citywide average, which typically indicates a more accessible entry point into the market.
The primary appeal lies in its practicality and position as a potential starter home or investment property. It suits first-time buyers seeking an affordable foothold in a central, established neighbourhood, or investors looking for a manageable rental property. A less obvious perspective is its potential for those wanting to minimize their physical and financial footprint—the smaller size means lower utility costs and less upkeep. While it ranks below average in size and value compared to the broader city, it aligns more closely with the norms of its immediate area, suggesting it's a characteristic home for this part of Daniel McIntyre.
Section 2: Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily reflects the home's smaller size and age relative to the entire city's housing stock. Within its own neighbourhood, the assessment is around average, indicating it is priced appropriately for the local market.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the selling agent to understand if it's a finished living space, a modern utility area, or includes a separate suite.
3. How does the 2021 sale price of $170k relate to today's value?
The 2021 sale provides a historical benchmark, but current market conditions, any improvements made since then, and updated assessments will determine the present value. It's a useful data point for understanding recent market activity on the property.
4. Is the detached garage a standard feature here?
Yes. The presence of a detached garage is a practical asset in Winnipeg, providing valuable storage or parking shielded from the elements, and is a common feature for homes of this era.
5. The home is smaller than most. How does that affect livability?
The efficient layout can be ideal for individuals, couples, or small families. The renovated basement likely adds functional space. It requires a mindful approach to possessions and space usage, appealing to those seeking a simpler, more cost-effective lifestyle without the upkeep of a larger house.