Property Overview: 580 Arlington Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1929, presents a practical opportunity in the Daniel McIntyre neighbourhood. With 1,117 sqft of living space and a renovated basement, it offers functional, compact living. Its assessed value is notably modest compared to the wider city, which can translate to favourable property taxes. The home sits on a standard city lot for the area, and includes a detached garage.
The primary appeal lies in its position as a straightforward, no-frills property in a central location. It suits first-time buyers seeking an affordable entry into the market, or investors looking for a manageable rental property. A less obvious perspective is its potential for those who value financial predictability; its below-average citywide assessment suggests a stable, lower tax burden even as values rise elsewhere. The recent sale in 2024 indicates a market-tested value, and the home's age and size are typical for the immediate street, meaning it fits comfortably within the context of its block without standing out as an outlier.
Frequently Asked Questions
1. How does the property's value compare to the area?
The home's assessed value is around average for both Arlington Street and the broader Daniel McIntyre neighbourhood, but is significantly below the citywide average. This suggests it is priced in line with its immediate community.
2. What is the significance of the renovated basement?
A renovated basement adds functional living space, which is a valuable asset in a home of this size. It could serve as a family room, home office, or additional storage.
3. Is the lot size a constraint?
At just under 2,900 sqft, the lot is slightly smaller than the average on Arlington Street but typical for Daniel McIntyre. It provides adequate outdoor space for a city home without extensive maintenance demands.
4. What can recent sale prices tell us?
The property sold in March 2024 for $230,000, which provides a clear, current benchmark of its market value, far above its assessed value for tax purposes.
5. Who might this property not suit?
Buyers seeking a modern, large home on a spacious lot, or those prioritizing high-end finishes, may find this property too compact and basic. Its appeal is rooted in practicality and location over luxury.