Property Overview: 326 Arnold Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This is a modest, century-old home (built 1911) on a standard city lot in the established Lord Roberts neighbourhood. Its primary appeal lies in its position as an affordable entry point into a central Winnipeg community. With 748 square feet of living space, the house is compact—significantly smaller than average for the street, area, and city. This suggests a property suited for minimalists, first-time buyers, or investors seeking a manageable footprint.
The assessed value is notably low, sitting around average for the immediate area but well below the citywide average. This combination of a lower price point in a mature neighbourhood is its defining characteristic. It suits a practical buyer who values location over size, sees potential in a smaller home, or is comfortable with a property that may require updates reflective of its age. A thoughtful perspective is that its smaller scale can mean lower utility costs and less maintenance, while the established lot size offers outdoor space that newer infill properties often lack.
Frequently Asked Questions
1. Is this a "fixer-upper"?
While the listing doesn't specify condition, the 1911 build date and below-average assessed value suggest the property likely requires some level of updating or maintenance. A professional inspection is highly recommended.
2. Why is the living area so much smaller than nearby homes?
At 748 sqft, this home is in the smaller 18% of homes on Arnold Avenue. It may be an original floor plan that hasn't been expanded, representing the more modest housing stock from its era.
3. What does the sold price history indicate?
It last sold between $200,000 and $250,000 in 2022. This recent sale provides a concrete market benchmark, showing it transacts at a price well below the city's average home value.
4. How does the low assessed value affect property taxes?
A lower assessed value typically results in lower municipal property taxes compared to larger, higher-valued homes in the same area, which can be a significant ongoing cost savings.
5. Who are the most likely buyers for this property?
This property is most suited to first-time homebuyers prioritizing location and affordability, investors looking for a rental property with a lower entry cost, or downsizers seeking a low-maintenance, compact home in a central neighbourhood.