Property Overview: 314 Arnold Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home is a classic, early-20th century residence built in 1905, offering a grounded opportunity in Winnipeg's Lord Roberts neighbourhood. Its primary appeal lies in its established location and straightforward, average-sized footprint. With 1,040 sqft of living space on a 2,507 sqft lot, it sits around the median for its immediate street and area, presenting a typical scale for the community. The assessed value is notably modest compared to the city-wide average, which can indicate a lower property tax burden and an accessible entry point into the market.
Its charm is rooted in authenticity and location rather than modern size or finishes. It suits a practical buyer—perhaps a first-time homeowner, an investor, or someone seeking a manageable property in a central, mature neighbourhood without the premium of a newer build or a large lot. A thoughtful perspective is that a home of this vintage (ranking in the top 93% oldest on its street) offers a tangible connection to the city's history, but this also implies a likely need for updates and diligent maintenance. Its value proposition is clear: you are paying primarily for land and location in a well-established area, with the house itself representing a canvas for customization.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is significantly lower than the city-wide average for comparable homes. This generally translates to lower municipal property taxes, which is a financial positive. However, it can also reflect the home's age, condition, or smaller size relative to the broader market.
2. How does the lot size compare?
At 2,507 sqft, the lot is around average for Lord Roberts but below average city-wide. This means outdoor space is typical for the central neighbourhood but more compact than what you might find in suburban areas. It's manageable for low-maintenance landscaping or a small garden.
3. The home is among the oldest on the street. What should I consider?
Built in 1905, the home likely possesses character but also requires careful attention. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, plumbing, electrical systems, and insulation to understand any necessary investments in modernization or repairs.
4. What can the 2021 sale price range tell me?
The prior sale in the CA$300k–350k range provides a recent market benchmark. Comparing this to the current asking price (if listed) and the assessed value can help gauge market trends and the seller's pricing strategy in this specific area.
5. Who would this property suit best?
It's well-suited for a buyer comfortable with a home that may need gradual updates, who values an established neighbourhood over a new build, and who prefers a manageable, average-sized property. Its profile suggests it's less suited for someone seeking a move-in-ready modern home or a large private yard.