Property Overview
This one-and-a-half storey home on Arbuthnot Street in Earl Grey is a classic Winnipeg character property built in 1910. With 1,209 sqft of living space on a 3,004 sqft lot, it presents a practical footprint in a sought-after neighbourhood. The home features a basement, but it is noted as not being renovated, and there is no garage or pool. Its most recent sale was in April 2023 for $325,000.
Key Characteristics & Appeal
The primary appeal of this property lies in its location within the established Earl Grey neighbourhood and its character as a century-old home. Its assessed value is above average for Earl Grey, suggesting it is viewed favorably within that specific market context. The living space is modest but functional, and the lot size is typical for the area. This home would likely suit a buyer looking for a character property without an overly large maintenance footprint, possibly a first-time buyer or a downsizer who values neighbourhood charm over modern size standards. A thoughtful perspective is that its "around average" metrics across the board indicate a stable, predictable property rather than a standout bargain or a premium offering. The unrenovated basement represents clear potential for future customization or added value, depending on a new owner's vision and budget.
Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home was assessed at $344,000 and last sold for $325,000 in April 2023. This difference is not uncommon and can be influenced by market timing, condition, and specific sale terms.
2. What does "below average" for Year Built in the city-wide context mean?
Built in 1910, this home is older than approximately 94% of properties city-wide. This highlights its character-home status but also implies that prospective buyers should be mindful of the maintenance and updating typical of a 116-year-old structure.
3. Is the lot size a limitation?
At just over 3,000 sqft, the lot is below the city-wide average but is typical for the Earl Grey neighbourhood. It provides adequate outdoor space for a garden or patio without the high maintenance of a much larger yard.
4. What type of buyer should consider the unrenovated basement?
The basement condition is a key factor. It suits a buyer with a renovation plan and budget, or one who accepts it as utilitarian storage/mechanical space. It is not a move-in-ready finished living area.
5. How does this home rank on its own street?
On Arbuthnot Street, it ranks below average for living area and land size, but around average for assessed value and year built. This indicates it is a fairly representative, mid-range property on its specific block.