Property Overview
This one-and-three-quarter storey home on Arlington Street presents a unique opportunity in Winnipeg's Dufferin neighbourhood. Built in 1907, it offers 1,080 sqft of living space, which is close to the average for the immediate area. The property sits on a 2,204 sqft lot and features a basement that has not been renovated. There is no garage or pool. Its most defining characteristic is its exceptionally low municipal assessed value, which places it in the bottom percentile compared to nearly all other homes in the city, on the street, and in the neighbourhood.
Key Characteristics & Appeal
The primary appeal of this property lies in its position as a true entry-point into homeownership or as a strategic investment opportunity. Its very low assessed value and historically low sale price suggest it is a candidate for a significant value-add project. The home would suit a buyer looking for a blank canvas—whether a hands-on renovator, an investor with redevelopment plans, or someone seeking the most affordable possible footprint in the city. Its age and condition mean it is not a move-in-ready home, but rather a foundation for a project. A less obvious perspective is that such a low-value property in an established neighbourhood can offer a unique insulation from broader market downturns, as its value is already grounded in the land and potential, rather than current finishes. It's a property for those who see utility and potential where others might only see cost.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's current state, size, and recent sales data. A value this far below averages typically reflects the home's age, the lack of renovations, and its smaller lot size relative to others.
2. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has sloped ceilings following the roofline, with full-height walls only in the centre of the rooms, creating cozy, character-filled spaces.
3. Is the basement usable?
The listing specifies the basement exists but is "not renovated." Buyers should budget for potential moisture-proofing, structural updates, and finishing to make it a comfortable living or storage space.
4. Who would this property suit best?
It is best suited for a practical buyer with renovation experience or access to contractors, an investor considering a hold or redevelopment strategy, or a buyer whose primary goal is securing land and a structure in the city at the lowest possible price point.
5. How does the small lot size impact future plans?
The lot is smaller than most in Winnipeg. This may limit expansion possibilities like large additions or detached garages. Any renovation or redevelopment plans would need to be creative and comply closely with zoning bylaws regarding setbacks and coverage.