176 Arlington Street – Property Summary
Key Characteristics and Buyer Profile
This 1,344-square-foot home, built in 1910, sits on a 2,445-square-foot lot in Winnipeg’s Wolseley neighbourhood. The living area is above average compared to other homes on Arlington Street (top 26%), but roughly average for the neighbourhood and city overall. The assessed value—$228,000—is below the street average and significantly lower than both the Wolseley and citywide averages for comparable homes. The land size is below average on every level, ranking in the bottom quartile citywide.
The appeal here is straightforward: it’s a modestly sized older home on a compact lot, priced well below the typical assessed value in Wolseley. The combination of above-average interior space on the street with below-average assessed value could signal a property that hasn’t been fully updated or that sits on a smaller piece of land than neighbours. It would suit a buyer who values the Wolseley neighbourhood—its character, walkability, and older housing stock—but is working with a tighter budget than many homes in the area demand. It may also appeal to someone who doesn’t need or want a large yard, or who sees potential in a home that’s likely less polished than its neighbours.
Five Possible FAQs
1. Why is the assessed value so much lower than the neighbourhood average?
The assessed value ($228,000) ranks in the bottom 4% in Wolseley. This could reflect a smaller living area than the neighbourhood average (1,344 sqft vs. 1,622 sqft), the small lot size, or a home that hasn’t been renovated as recently as others nearby. It’s worth checking what condition the property is in and whether past assessments have changed over time.
2. How does the small land size affect the property’s value or use?
At 2,445 sqft, the lot is about 70% of the average size on Arlington Street and well below citywide norms. This means less outdoor space, but also less maintenance. In a dense older neighbourhood like Wolseley, smaller lots are not unusual, but they can limit options like adding a garage or significant expansion.
3. Is the 1910 building a concern?
Not necessarily, but it’s worth taking seriously. Many homes in Wolseley date from the same era. Older construction often means solid materials and character features, but potential issues include aging electrical, plumbing, insulation, and foundation work. A thorough inspection is wise.
4. How does this home compare to others currently for sale on Arlington Street?
The living area ranks well on the street (top 26%), but the assessed value is around the middle (top 49%). That gap may suggest that this home offers more interior square footage at a relatively lower price point than some of its immediate neighbours. However, land size ranks low on the street (bottom 11%), so the property may feel more compressed from the outside.
5. Who is this house really for?
It’s likely best suited for a first-time buyer or someone downsizing who wants to be in Wolseley without paying Wolseley’s typical premium. It could also work for an investor willing to put work into a home that’s priced below area norms. Someone looking for a large yard or a move-in-ready home with modern finishes would probably want to look elsewhere.