Property Overview
This 1909 one-storey home at 375 Arlington Street in Winnipeg's St. Matthews neighbourhood presents a specific and compelling opportunity. Its key appeal lies in the combination of a very large, mature lot (2,509 sq ft) with a modestly sized, unrenovated house (680 sq ft of living space). The property sits on a street where it ranks in the top 15% for lot size, offering rare potential for expansion, gardening, or outdoor living in a central area. Recent sale prices have remained stable, suggesting a well-established value in the market.
It would best suit a hands-on buyer looking for a footprint in a mature neighbourhood without a massive initial structure. This could be a first-time purchaser comfortable with a project, an investor considering a future build, or someone seeking a lower-maintenance home with the option to customize over time. The very low assessed value indicates significant room for value growth through updates. A less obvious perspective is that the small house on a large lot offers a chance to live minimally while controlling a substantial piece of urban land—a rare find that provides future flexibility.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It indicates the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to insulation, flooring, or finishes to suit their needs.
2. With no garage, what are the parking options?
The property likely relies on on-street parking, which is common for homes of this era in the area. It's advisable to check local parking regulations for any restrictions.
3. The house seems small compared to the lot. Can it be expanded?
The large lot is the property's standout feature and does offer clear potential for an addition or future redevelopment, subject to City of Winnipeg zoning bylaws and permits.
4. The assessed value is much lower than recent sale prices. Why?
Municipal assessed value for tax purposes often lags behind market value, especially in stable or appreciating markets. The consistent sale history around $150k is a stronger indicator of its current market worth.
5. What are the pros and cons of such an old home?
Pros include character, a prime lot, and established neighbourhood roots. Cons typically involve the need for ongoing maintenance, potential updates to older electrical or plumbing systems, and ensuring proper insulation for energy efficiency.