Property Overview: 320 Arnold Avenue, Lord Roberts, Winnipeg
Key Characteristics & Buyer Appeal
This home is a classic, early-1900s character property in the established Lord Roberts neighbourhood. At 980 square feet, it offers a manageable size that is quite typical for its immediate street and area, making it a practical choice rather than an expansive one. Its assessed value is modest and aligns with local averages, suggesting a relatively accessible entry point into the market.
The primary appeal lies in its location and potential. Situated on a standard-sized city lot, it represents an opportunity in a mature neighbourhood. It would suit a first-time buyer comfortable with the upkeep of an older home, an investor looking for a character property, or someone seeking a lower-footprint home in a central, no-frills setting. A thoughtful perspective is that while its living space is below the citywide average, this can translate to lower utility costs and less maintenance—a practical fit for a minimalist or budget-conscious lifestyle. Its age (built in 1905) places it among the older homes locally, which can mean charm and solid construction, but also implies a greater need for diligent inspection and potential updates.
Frequently Asked Questions
1. How does the property’s size compare to nearby homes?
At 980 sqft, the living area is slightly below the average for both Arnold Avenue and the wider Lord Roberts area, but is very close to the local norm. It is, however, notably smaller than the average Winnipeg home.
2. What does the assessed value indicate?
The assessed value of $29,800 is around the average for the street and neighbourhood. This suggests the property is priced in line with local market fundamentals for tax purposes, not necessarily its current market sale price.
3. The home was built in 1905. What should I consider?
As one of the older homes on the street, a thorough inspection for foundational integrity, wiring, plumbing, and insulation is essential. This age can offer classic architectural details but often requires a proactive maintenance mindset.
4. What is the recent sales history?
Public records show it sold in the $300k-$350k range in 2022 and the $200k-$250k range in 2018. For precise historical sale prices, you must request the exact data from the listing service.
5. Is the lot size a pro or a con?
The lot is approximately 2,500 sqft, which is standard for the area. It provides adequate outdoor space for a garden or patio without the extensive upkeep of a larger lot, balancing utility with manageability.