Property Overview: 319 Arnold Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, century-old home (built 1906) in the Lord Roberts neighbourhood, presenting a straightforward entry point into Winnipeg’s housing market. Its key appeal lies in its affordability and lot size. With a living area of 760 sq ft, the house itself is compact, ranking below average in size for its street and area. The assessed value is correspondingly low, placing it in the more affordable tier of properties.
However, the land parcel of 2,585 sq ft is a notable feature, ranking above average for Arnold Avenue. This offers valuable outdoor space and potential that is uncommon for homes at this price point. The combination suggests a property where the value may be more anchored in the land than the existing structure. It would suit a first-time buyer, an investor looking for a rental property with land value, or a hands-on individual interested in a long-term renovation project where the lot provides room for future expansion or landscaping. Its age means maintenance and updates are likely considerations, but for the right buyer, it represents a practical, no-frills opportunity with a tangible asset in the form of the lot.
Frequently Asked Questions
1. Is this a "tear-down" property?
Not necessarily. While the home is small and over a century old, its condition would determine this. The above-average lot size for the street does make the land a significant part of the value, but the existing house could be a liveable starter home or a candidate for renovation.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's specific characteristics: a very small, older home. It is assessed relative to similar properties, not the city's overall average, which includes large, new homes. This is typical for homes of this vintage and size in established neighbourhoods.
3. What are the main considerations due to the home's age (1906)?
Prospective buyers should budget for potential updates to major systems like wiring, plumbing, and insulation. The charm of an older home comes with the responsibility of more diligent maintenance and potentially higher utility costs if not recently upgraded.
4. The sold price history shows a range from 2016. How can I get the exact price?
The exact sold prices are not publicly available in Manitoba. As noted on the listing, you can request this information by emailing the site; they provide the accurate figure manually without using your email for marketing.
5. How does the lot size benefit a buyer?
For a home of this size, a larger lot is a valuable asset. It provides more private outdoor space, better potential for gardening, parking, or storage, and future flexibility. Compared to other homes on the street, this property offers more land, which can be a key differentiator for livability and long-term value.