Property Overview: 793 Arlington Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Daniel McIntyre presents a practical opportunity in Winnipeg's core. Built in 1913, it offers 1,203 sqft of living space and sits on a 3,511 sqft lot, which is notably above average for the neighbourhood. Key features include a detached garage and a basement that is present but not renovated. The home's assessed value is significantly below the citywide average, yet its recent sale price suggests a market value that reflects the character and location of the property.
Its primary appeal lies in its position as a solid, no-frills canvas in an established community. The lot size is a standout asset for the area, offering valuable outdoor space or future potential that many inner-city properties lack. It suits first-time buyers or practical investors who are comfortable with a home that has good bones but may require updates over time. It’s less suited for those seeking immediate move-in perfection or the lowest possible property taxes, as the assessed value is relatively high for the neighbourhood.
Frequently Asked Questions
1. What is the significance of the lot size being "above average" for Daniel McIntyre?
This means the property offers more private outdoor space than most lots in the immediate area, which is a valuable commodity in mature neighbourhoods and can be a factor for gardening, expansion, or simply having more distance from neighbours.
2. Why is there such a large difference between the assessed value and the recent sale price?
Municipal assessed value for taxation purposes often lags behind market value and uses a different calculation method. The sale price reflects what a buyer recently paid in the open market, considering factors like condition, location, and lot size that may not be fully captured in the assessment.
3. What does "basement, not renovated" typically imply?
It indicates the basement is functional and usable (for storage, utilities, laundry) but has not been modernized or finished into a dedicated living space like a rec room or suite. Buyers should budget for potential updates or moisture-proofing common in century-old homes.
4. How does the age of the home (1913) affect ownership?
While offering classic character, it necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation. Energy efficiency may be lower than in newer builds, but the construction materials are often durable.
5. Who would this property not be a good fit for?
It may not suit buyers looking for a completely modern, low-maintenance home or those sensitive to higher property taxes relative to the home's market value. The need for potential updates makes it less ideal for anyone without a renovation budget or tolerance for ongoing projects.