Property Overview: 409 Arnold Avenue, Winnipeg
Key Characteristics & Appeal
This home at 409 Arnold Avenue in Lord Roberts is a character property with practical, grounded appeal. Built in 1908, it offers over 1,000 sqft of living space on a standard city lot. The data reveals a house that is consistently "around average" for its immediate street and neighbourhood in terms of living area, lot size, and assessed value, suggesting it fits comfortably within the fabric of this established community. Its appeal lies in this stability and authenticity—it's a home without pretension, representing a straightforward entry into a mature neighbourhood. Recent sale history indicates steady appreciation.
It would suit a buyer who values character and location over new construction, possibly a first-time homeowner or an investor looking for a solid, no-frills property. The home’s age (118 years) is a key consideration; it appeals to those who appreciate heritage but requires a buyer prepared for the maintenance and potential updates that come with an older house. Interestingly, while its assessed value is average for the area, it ranks "below average" citywide, highlighting Lord Roberts as a relatively affordable pocket within Winnipeg and positioning this property as a value-conscious choice for getting into the city.
Frequently Asked Questions
1. What does the sale history tell us about the property's value?
The home has sold three times since 2016, with each sale price range increasing, indicating steady market appreciation. The most recent sale in 2024 was in the $300k-$350k range.
2. How does this home compare to others in the area?
The data shows it is very typical for Arnold Avenue and Lord Roberts. Its living space, lot size, and assessed value all rank near the middle of the pack for the neighbourhood, meaning you are getting a standard, representative home for this specific community.
3. The home was built in 1908. What should I consider?
While full of character, a 118-year-old home will likely require diligent maintenance and potentially more significant updates to mechanical systems (like plumbing or electrical) compared to a newer build. A thorough inspection is essential.
4. Is the assessed value the same as the market value?
Not necessarily. The assessed value for this property is $250k, which is used for calculating property taxes. The market value, evidenced by the 2024 sale price range being higher, is determined by what buyers are currently willing to pay.
5. How can I find out the exact past sale prices?
The provider offers a manual service to get the exact sold price history. You can submit your email via the "Get exact sold price history" button, and they aim to reply with the accurate figures by the end of the same day.