Property Overview: 117 Arden Avenue, Winnipeg
Key Characteristics & Appeal
This home at 117 Arden Avenue in the Pulberry neighborhood is defined by its value proposition and character. Built in 1929, it is notably older than most homes on its street and in the wider area, suggesting a property with classic charm and potentially original features. With 1,164 sqft of living space, its size is very typical for the city, fitting comfortably within the average range for Winnipeg.
The primary appeal lies in its financial accessibility. The home’s assessed value of $290k is significantly below the averages for both its immediate street and the Pulberry neighborhood. This creates a clear entry point into a community where most homes are valued much higher. Recent sale history indicates it has traded in the $250k-$300k range, reinforcing its position as a more affordable option.
This property would suit first-time buyers or value-conscious investors seeking a foothold in a stable neighborhood. It’s a practical choice for those who prioritize budget over modern size or updates, and who may see potential in the character of an older home. A less obvious perspective is that its smaller, 5,349 sqft lot—while below the local average—is still very close to the citywide norm, offering a manageable outdoor space without excessive maintenance.
Frequently Asked Questions
1. Why is the assessed value so much lower than the neighbors?
The assessed value is likely lower due to a combination of the home’s older age (1929), its smaller living area, and its smaller lot size compared to immediate neighbors. Many nearby homes were built decades later and are larger, which is reflected in their higher valuations.
2. What does the older year built mean for me as a buyer?
A home built in 1929 may possess charming architectural details but often requires closer attention to aging components like plumbing, electrical systems, windows, and insulation. A thorough inspection is essential to understand the condition and any needed updates.
3. How reliable are the sold price ranges shown?
The sold price ranges are based on publicly available data, not the MLS. They provide a reliable ballpark figure, but for fully verified and exact historical sale prices, you must request a manual lookup from the site via email.
4. Is the lot size a disadvantage?
While the lot is smaller than others on Arden Avenue, it is very close to the average lot size across Winnipeg. It offers sufficient outdoor space for many buyers and typically requires less upkeep than larger plots.
5. How does this home’s size compare for a family?
At just over 1,160 sqft, the living area is average for the city. It would comfortably suit a small family or couple. The size is practical and efficient, but those needing more spacious or modern open-concept layouts may find it compact.