Property Summary: 106-34 Arden Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This 655 sqft property at 106-34 Arden Avenue in Pulberry is defined by its affordability and efficiency. Its key characteristic is a well-below-average assessed value of $127k, placing it in the top 5% most affordable comparable homes in Winnipeg. The living space is compact, smaller than most homes in the neighborhood and city, but is roughly average for its specific street. Built in 1972, it is older than many homes on its street but is slightly above the average age for the Pulberry area.
The primary appeal lies in its low financial barrier to entry, offering a path to homeownership with minimal property tax liability. It would suit first-time buyers, investors seeking a rental property with a lower initial investment, or downsizers looking for a manageable, cost-effective space. A less obvious perspective is that its "below average" metrics in size and value within a stable neighborhood could represent a value-hold opportunity, where future investments in updates might yield strong relative returns. Its age suggests potential for modernization, allowing a buyer to customize the space to their taste over time.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on factors like the unit's size, age, and market trends for similar properties. Its significantly lower value compared to the neighborhood and city averages is primarily due to its smaller square footage and specific market positioning as an affordable housing option.
2. How accurate is the sold price data shown?
The sold price range (CA$100k–150k) is based on publicly available data, not the MLS. For fully verified and exact historical sale figures, you must request a manual lookup via email from the site.
3. What does the living area ranking mean for daily life?
At 655 sqft, the living area is efficient. It ranks as average for Arden Avenue itself but below average for the wider area, indicating a cozy space that requires thoughtful organization. It's suitable for individuals, couples, or those comfortable with compact living.
4. Is the 1972 build date a concern?
The year built (1972) is older than the average on its street but typical for the Pulberry neighborhood. This suggests the building is established. A standard home inspection is recommended to understand the condition of major systems, potential for updates, and any maintenance considerations common to homes of that era.
5. Who are the immediate neighbors?
The listing shows several units within the same building (e.g., 103-34, 102-34 Arden Avenue). This indicates this is likely a condominium or apartment-style complex, so understanding the strata or condo corporation rules, fees, and reserve fund would be essential.