109 Arden Avenue

Property Overview: 109 Arden Avenue, Winnipeg

Section 1: Key Characteristics & Appeal

This home presents a distinct profile defined by its contrasts. Its most notable feature is the generous 6,951 sqft lot, which is above average for its street, neighborhood, and Winnipeg overall. This offers significant outdoor space and potential in a well-established area. The house itself, however, is quite compact at 768 sqft and is one of the older homes in the Pulberry neighborhood, built in 1924. This combination results in a relatively low assessed value of $268k, which is notably below the averages for the immediate area.

The primary appeal lies in the land itself and the value proposition. It suits a specific buyer: someone looking for an entry point into a mature neighborhood who values outdoor space over interior square footage. This could be ideal for a downsizer, a first-time buyer comfortable with a renovation project, or an investor interested in the long-term land value. The data suggests it’s a smaller, vintage home on a larger-than-average lot, offering a different kind of opportunity compared to the more modern, larger houses that dominate the area.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the neighbors?
The assessed value reflects the property’s specific characteristics. The home has a significantly smaller living area and is older than nearly all comparable properties in Pulberry. The value is driven more by the land size, while the structure itself contributes less to the assessment than the larger, newer homes nearby.

2. What does the sold price history indicate?
Records show the property last sold between $150k and $200k in May 2017. This historical price, combined with the current assessed value, suggests the property has been a lower-priced option in the area for some time. For exact sold figures, a manual lookup can be requested.

3. Is this a teardown or renovation candidate?
Given the age (102 years), smaller size, and the valuable lot, it is a prime candidate for either a significant renovation or a full rebuild. Buyers should budget for potential updates to major systems due to the home's vintage.

4. How does the living area compare practically?
At 768 sqft, the living space is less than half the neighborhood average. Buyers should consider if the layout and size meet their needs, as it is among the very smallest homes on the street and in the wider area.

5. What are the property taxes likely to be?
While the exact amount depends on the annual mill rate, property taxes would be calculated based on the $268k assessed value. This would typically result in a lower tax bill than for neighboring homes with assessments often exceeding $400k.