72 Arlington Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1909 Wolseley home with 1,454 sqft of living space on a 4,254 sqft lot. The property’s standout feature is its assessed value: it ranks in the top 4% on Arlington Street and top 20% in the neighbourhood, significantly above the street average of $247,200. The lot itself is also notably large for the area—top 14% on the street and top 12% in Wolseley—giving it more outdoor space than most nearby homes.
The living area is above average for Arlington Street (top 20%), though roughly in line with neighbourhood and citywide averages. The building is older than most (1909), which is typical for Wolseley, but worth noting for buyers who prefer newer construction.
The appeal lies in the combination of a strong lot and high assessed value relative to the street. This suggests a home that has been maintained or upgraded in ways that add perceived worth, even if the footprint isn't unusually large. It would suit buyers who value outdoor space and want a property that already holds its value well against comparable homes on the block—people who are looking for a solid, character-rich home in a desirable inner-city neighbourhood, rather than a fixer-upper or a place that needs major square footage.
Frequently Asked Questions
1. How does the assessed value compare to the actual sale price?
Assessed value ($436,000) is not the same as market value, but the high ranking relative to the street (top 4%) indicates the property is considered above average in worth compared to its immediate neighbours. Always check recent sales on Arlington Street for a more direct comparison.
2. Is a 1909 home a concern for maintenance?
It depends on how well it's been cared for. Homes from this era often have good bones but may need updated electrical, plumbing, or insulation. The fact that the assessed value is high relative to the street suggests upgrades have been made, but a thorough home inspection is essential.
3. What's the neighbourhood like?
Wolseley is a well-established, walkable area near the Assiniboine River, with mature trees and a mix of older homes. It's known for its community character and proximity to shops and parks. The lot size here is larger than average for the area, which is a plus in a neighbourhood where outdoor space can be limited.
4. How does 1,454 sqft compare to other homes I might look at?
It's slightly above the Wolseley average for living area but not oversized—about 10% smaller than the neighbourhood average of 1,622 sqft. If you're looking for generous interior space, this is a comfortable middle ground; if you need more room, you'd want to look at newer builds or larger homes outside the core.
5. What's the significance of the citywide rankings?
Citywide, this property ranks around average for living area and assessed value, and below average for age (due to its 1909 build). That's not unusual for an older neighbourhood home. The lot size, however, drops to the 70th percentile citywide, which is less remarkable—many suburban lots are larger. The real value here is local, not regional.