Property Overview: 1639 Arlington Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home on Arlington Street in the Inkster-Faraday neighbourhood is a practical entry point into the Winnipeg market. Its key characteristic is its modest, efficient scale at 792 sq ft, featuring a renovated basement and a detached garage. Built in 1905, it is a piece of local history, but one that requires an appreciation for the character and potential upkeep of an older home.
The appeal lies in its value proposition. With an assessed value of $210k, it sits at an accessible price point, particularly for the street and area. Its recent sale history suggests a stable, lower-risk investment in a well-established community. The lot size of 3,000 sq ft is fairly standard for the area, offering adequate outdoor space.
This property would best suit first-time buyers, downsizers, or practical investors seeking a straightforward, no-frills home. It’s for someone who values function over size and is comfortable with a home whose living space is notably smaller than the area average. A less obvious perspective is that its age and smaller footprint could translate to lower utility costs and a simpler, more manageable living environment for the right owner.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 792 sq ft, the living area is below average for Arlington Street, the Inkster-Faraday neighbourhood, and Winnipeg overall. This indicates a compact, efficient layout.
2. Is the assessed value in line with the area?
Yes. The $210k assessment is around the average for Arlington Street and the broader Inkster-Faraday area, though it is below the citywide average, reflecting the home’s scale and location.
3. What should I know about the home’s age?
Built in 1905, this is one of the older homes in the area. While it offers historic character, a prospective buyer should prioritize a thorough inspection to understand the condition of its foundational systems and structure.
4. What does the sale history tell us?
The home sold in August 2023 and previously in June 2019. The price increase between those sales is consistent with broader market trends, indicating stable demand for well-priced homes in this category.
5. Are there any obvious advantages or drawbacks to the lot?
The 3,000 sq ft lot is typical for the street. It provides a decent yard but is smaller than many lots citywide. The detached garage is a plus for parking or storage, a valuable feature in older neighbourhoods.