723 Arlington Street

Property Overview: 723 Arlington Street

Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1911, presents a classic Winnipeg character property in the Daniel McIntyre neighbourhood. With 1,060 sqft of living space, its size is very typical for the immediate area and the neighbourhood overall, offering a practical footprint for a smaller household. The assessed value of $210k positions it as an accessible entry point into the market, especially when compared to the much higher city-wide average.

The primary appeal lies in its location and value proposition within a well-established community. It suits first-time buyers or pragmatic investors looking for a solid, no-frills foundation in a central neighbourhood. The home has an unfinished basement, offering potential for future customization, and the lot size, while smaller than some on its street, is average for Daniel McIntyre. A thoughtful perspective for this type of property is to view it as a "blank canvas" within a historic streetscape—it provides the character and location without the premium price of a fully renovated home, allowing the buyer to add value over time according to their own taste and budget.

Frequently Asked Questions

1. What is the true condition of the property?
The listing notes the basement is unfinished and not renovated. This suggests the home likely requires updates and cosmetic improvements. A thorough inspection is essential to understand the state of major systems like plumbing, electrical, and the roof, common considerations for a home over 110 years old.

2. How does the assessed value relate to the expected sale price?
The assessed value for taxation purposes is $210k. Notably, a very similar neighbouring property at 731 Arlington sold for $238k in April 2022. The sale price is typically influenced by market conditions, the property's exact condition, and buyer demand, so it may trend above the assessed value.

3. Is the lot size a disadvantage?
At 2,515 sqft, the lot is below average for Arlington Street but is actually typical for the Daniel McIntyre neighbourhood. It provides a manageable outdoor space with lower maintenance, which can be an advantage for some buyers.

4. What are the immediate costs or projects to anticipate?
Given the age and the note on the basement, buyers should budget for potential repairs or updates. Priorities often include energy efficiency (windows, insulation), interior cosmetic updates, and planning for the eventual development of the basement space.

5. How does this home compare to others in the city?
This home is smaller, on a smaller lot, and older than the Winnipeg city-wide average. Its strength is not in outperforming city metrics, but in offering a competitively priced, centrally located home within its own established neighbourhood context, where it compares more favourably to nearby properties.