Property Overview
704 Arlington Street is a two-storey home built in 1910, offering 1,152 sqft of living space on a 2,870 sqft lot in Winnipeg's Daniel McIntyre neighbourhood. It features a renovated basement and a detached garage. The home presents a specific value proposition, with its assessed value notably lower than area averages, suggesting it may appeal to buyers prioritizing entry-point affordability in an established inner-city community.
Key Characteristics & Appeal
This home’s primary appeal lies in its position as an affordable, character-filled entry point into a mature Winnipeg neighbourhood. The living space is squarely average for the area, providing functional room for a small household, while the renovated basement adds usable square footage. The detached garage is a practical asset in a neighbourhood where on-site parking can be at a premium.
Its assessed value is significantly below averages for the street, neighbourhood, and city, which typically indicates a lower property tax burden. This creates an opportunity for first-time buyers, investors, or downsizers seeking to minimize carrying costs while gaining a foothold in the community. The home suits those comfortable with the upkeep of a century-old structure and who value location and practicality over modern size standards or high-end finishes. A thoughtful perspective is that this property represents the "bones" of the neighbourhood—a chance to live in a well-located, historic area while allocating budget towards gradual updates tailored to the owner's taste, rather than paying a premium for recently completed renovations.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
Assessed value is used for calculating property taxes and is based on mass appraisal techniques. A value consistently below local averages can be due to a variety of factors, including the home’s specific condition, layout, or features as compared to area benchmarks. It typically results in a lower annual property tax bill.
2. What should I know about maintaining a home built in 1910?
While the basement has been renovated, prospective buyers should budget for and inspect the common upkeep points of a century-old home. This includes the condition of the foundation, original wiring or plumbing updates, windows, and the roof. A thorough pre-purchase inspection is highly recommended.
3. Is the living space sufficient for a family?
At 1,152 sqft, the living area is typical for older homes in the area. It can comfortably accommodate a small family or couple. The renovated basement provides additional flexible space for a family room, office, or storage, effectively increasing the usable area.
4. How does the detached garage add value?
In older neighbourhoods, a detached garage secures off-street parking and provides valuable storage or workshop space. It’s a tangible asset that not all properties on the street may have, adding both convenience and utility.
5. What is the neighbourhood like?
Daniel McIntyre is an established, diverse inner-city community. It offers character, convenience, and more affordable housing options relative to some other city sectors. Buyers are often drawn to its central location, access to amenities, and the character of its historic housing stock.