Property Overview: 190 Arnold Avenue, Riverview, Winnipeg
Section 1: Key Characteristics & Appeal
This is a well-established one-and-three-quarter storey home in the sought-after Riverview neighbourhood, built in 1910. Its key appeal lies in a combination of character, location, and recent investment. The home sits on a notably generous lot (2,502 sq ft), which is larger than most in the immediate area and provides valuable outdoor space. A significant, renovated basement adds modern living space and functionality. The detached garage is a practical asset in this urban setting.
The property suits buyers looking for a character home in a mature, central neighbourhood who also value move-in readiness due to the basement renovation. It’s ideal for someone who appreciates the stability indicated by its recent sale history—having sold for $380,000 in mid-2023—which suggests a modernized interior. The lot size offers a less obvious but valuable advantage: future potential for expansion or landscaping that many newer infill properties cannot match. It’s a solid choice for those who want the charm of Riverview without taking on a full renovation project.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The municipal assessed value is $36,500, which is typical for tax purposes but not reflective of current market value. The home sold for $380,000 in May 2023, which is the relevant figure for understanding its worth.
2. What does the "renovated basement" likely include?
While specifics aren’t listed, a renovated basement in a home of this vintage typically means it has been finished into a livable space, possibly including a recreation room, additional bedroom, or modern laundry area, with proper flooring, walls, and ceilings.
3. Is the lot size a significant feature?
Yes. At 2,502 sq ft, the lot is in the top tier for size on its street and in Riverview. This provides more private outdoor space than many neighbouring properties and is a key long-term asset.
4. What is the neighbourhood like?
Riverview is a mature, central Winnipeg neighbourhood known for its tree-lined streets, character homes, and strong community feel. It's highly desirable for its proximity to parks, the river, and downtown amenities.
5. Why did the property sell twice in a short period (2022 and 2023)?
The 2022 sale at $24,300 was likely a nominal transfer (such as between family members or for legal reorganization). The 2023 arm’s-length sale at $380,000 represents the true market transaction and the subsequent modernization of the home.