781 Arlington Street

Property Overview

This is a compact, one-storey home on a standard city lot in the Daniel McIntyre neighbourhood. Its key characteristic is its modest 720 sqft living area, which is notably smaller than most comparable homes in the area and across Winnipeg. However, it benefits from a renovated basement and a detached garage. The home is newer than many on its street, built in 1947, and its assessed value is in line with the local area average. The property last sold in December 2020.

Section 1: Key Characteristics & Appeal

The primary appeal of this property lies in its efficiency and manageability. It presents a straightforward, lower-maintenance living option in a central neighbourhood. The renovated basement adds functional space, effectively increasing the usable square footage beyond the main floor's footprint. The detached garage is a valuable asset for storage or parking in an older area.

This home would best suit first-time buyers, downsizers, or investors seeking an affordable entry point into the Winnipeg market. Its smaller size means lower utility costs and less upkeep, which can be a significant draw for those looking to minimize overhead. It’s not a sprawling family home, but a practical base for individuals, couples, or small households who prioritize location and simplicity over space. A thoughtful perspective is that while the living area is small in comparison to others, the lot size is actually above average for Daniel McIntyre, offering a decent outdoor space relative to the neighbourhood—a potential perk not immediately obvious from the square footage alone.

Section 2: Frequently Asked Questions

1. Is the house too small?
At 720 sqft, the main living area is compact. However, the presence of a renovated basement provides additional room. Buyers should consider their space needs carefully, but for the right occupant, the size translates to easier maintenance and lower heating costs.

2. How does the assessed value compare?
The assessed value of $20,600 is around the average for both Arlington Street and the wider Daniel McIntyre neighbourhood. This suggests the property is priced consistently within its local market context, not as an outlier.

3. What does the "newer" year built mean for a 1947 home?
While 1947 is not new, it is notably newer than many neighbouring homes, which average a build year of 1928 on this street. This could imply somewhat newer building materials, systems, or layout compared to many century-old homes in the area.

4. What is the potential here for an investor?
Given its modest size and assessed value, it could serve as a relatively affordable rental property. The renovated basement could be a feature for tenants, and the detached garage adds appeal. Due diligence on local rental demand and regulations would be necessary.

5. How does the last sale price from 2020 relate to today's value?
The home sold for $190,000 in late 2020. This figure provides historical context, but market conditions have likely changed. Current value would be determined by recent comparable sales, condition updates since 2020, and present market dynamics.