Property Summary: 1703 Arlington Street
Key Characteristics & Appeal
This one-storey home in Inkster-Faraday is defined by its modern age and strong assessed value relative to its immediate area. Built in 2011, it is a notably newer construction compared to most homes on its street and in the wider neighbourhood, which typically date to the 1920s and 30s. This suggests potentially lower maintenance concerns and modern building standards. With 912 sqft of living space and a renovated basement, it offers efficient, updated living.
Its primary appeal lies in its standout financial assessment within the local context. The home's assessed value ranks in the top 2% for the Inkster-Faraday area, indicating it is viewed as a high-value property compared to its neighbours. This, combined with its newer build, presents a compelling case for value retention in the community. The lot is standard for the street but smaller than the city average.
This property would best suit a first-time buyer or an investor seeking a modern, low-maintenance home in a mature neighbourhood without the typical upkeep of a century-old house. It’s also a practical choice for those who prioritize efficient use of space and value a home that stands out positively in municipal assessments compared to nearby properties.
Frequently Asked Questions
1. Why is the assessed value so high compared to other homes in the area?
The assessed value is likely elevated due to the home's significantly newer construction year (2011) compared to the neighbourhood average (circa 1930). Modern systems, materials, and a renovated basement contribute to a higher valuation than older, unrenovated homes nearby.
2. What does the "Elite" ranking for Year Built mean?
This means the home is newer than over 99% of comparable properties in the Inkster-Faraday area. It is among the very newest homes in a neighbourhood largely built decades ago.
3. Is the living space sufficient for a small family?
At 912 sqft, the living area is compact. It is below the city average and would be considered cozy. The renovated basement provides additional flexible space, which is a key feature for maximizing usability.
4. How does the lot size impact future plans?
The land area is approximately 3,000 sqft, which is standard for the street but below the Winnipeg average. This is typical for infill properties in established neighbourhoods and is suitable for a home of this size, but may limit extensive additions or large outdoor structures.
5. The home sold in 2017 for a price similar to its current assessed value. What does that indicate?
This suggests a stable value history in its micro-market. The assessed value has remained consistent with its last known sale price, indicating municipal assessment aligns with recent market activity for this specific, newer property.