Property Overview: 345 Arnold Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home presents a classic, early-20th century character build on a standard city lot in the established Lord Roberts neighbourhood. Its key appeal lies in its position as a relatively affordable entry point into a mature area, offering a balance of historic charm and practical fundamentals.
The 820 sqft living space is modest, ranking below average for the city, which suggests a cozy, manageable footprint ideal for first-time buyers, downsizers, or investors. Built in 1912, the home is typical for its immediate street and area, meaning it likely possesses the architectural character of its era but will also come with the maintenance considerations of an older property. Its assessed value is around average for Lord Roberts, indicating it is priced in line with neighbourhood expectations rather than being an outlier.
The property’s true strength may be in its land value and location within a stable community. The lot size, while below the sprawling city average, is consistent with the area and offers typical urban outdoor space. This home suits a practical buyer who values location and lot over square footage, is comfortable with a home that requires ongoing care, and sees potential in a property that is fundamentally aligned with its surroundings rather than standing out for size or modern features.
Frequently Asked Questions
1. What does the "below average" living area ranking mean for daily living?
It confirms the home has a smaller footprint than many modern houses. This translates to efficient, compact living spaces, potentially lower utility costs, and a simpler layout, but may require creative use of space or may not suit those needing multiple large rooms.
2. The home was built in 1912. What should I be prepared for?
While the age is typical for the street, a home over 110 years old will have systems (like wiring, plumbing, and the foundation) that need careful inspection. Budgeting for updates and maintenance is essential, though the structure has proven its longevity.
3. The assessed value is around average for the area but below average citywide. Is that good?
This typically means you are paying for the specific location within Lord Roberts, not for extra square footage or land compared to newer suburban areas. It can represent a fair value within a desirable, established neighbourhood.
4. How useful are the listed sold price ranges from 2016?
They provide historical context for market trends in the area but are not precise guides for today's value. For an accurate, recent sale price to inform your offer, you must request the exact data via the provided email service.
5. Who would this property not be suitable for?
It likely wouldn't suit buyers seeking a large, modern, move-in-ready home with ample room for expansion. Those needing significant space, contemporary open-concept layouts, or who want to avoid the potential projects of an older home should consider other options.