Property Overview: 1635 Arlington Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home on Arlington Street is a practical, no-frills property built in 1940. With 1,056 sqft of living space and an unrenovated basement, it presents a straightforward opportunity. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, underscored by a notably low municipal assessed value. The home sits on a modest, manageable lot.
The property would suit first-time buyers or investors looking for a low-cost footprint with the potential for gradual improvement. Its living area is reasonably sized for the neighbourhood and typical for its era, offering a functional layout without excess. A thoughtful perspective is that its 1940 build date is actually newer than many homes on its street and in the Inkster-Faraday area, suggesting potentially fewer concerns related to very old infrastructure compared to immediate peers. However, buyers should be prepared for a project, as the basement condition and lack of a garage indicate updates will be needed.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is significantly below the Winnipeg city average, indicating very low municipal property taxes. This is a major cost advantage, but it also reflects the home’s modest condition and valuation relative to the broader market.
2. How does the living space compare to the area?
At just over 1,000 sqft, it is slightly below the average for Arlington Street itself but is actually slightly above the average for similar homes in the wider Inkster-Faraday neighbourhood. This suggests it offers a fairly standard amount of space for this specific community.
3. Is the lot size a constraint?
The land area is smaller than most in the city and the neighbourhood. This means lower maintenance but also limited potential for expansions or additions compared to properties with larger lots.
4. The home sold in early 2023. What can that price range indicate?
The sold price range from 2023 aligns closely with its current assessed value. This consistency suggests a stable, lower-value market segment for well-kept but unrenovated homes of this type in the area.
5. What is less obvious from the basic stats?
While the basement is noted as “not renovated,” its presence still adds valuable utility space for storage or mechanical systems. Additionally, the home’s age (1940) is a relative advantage on its street, where many homes are older, potentially implying updates to original systems may have already occurred.