Property Overview
This one-and-a-half storey home on Arlington Street, built in 1912, presents a straightforward opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 1,148 square feet of living space and a full, unrenovated basement, it sits on a roughly 3,000 sqft lot. The home lacks a garage or pool. Its key appeal lies in its position as an accessible entry point into the market, underscored by a very low municipal assessed value that places it well below average for the city. This is a property defined more by its potential and land value than by its current condition or finishes.
The home would suit a specific type of buyer: a hands-on first-time purchaser or investor comfortable with a project. Its low assessed value and recent sale price in the low-to-mid teens suggest it may be one of the most affordable detached housing options available. The appeal is not in move-in-ready luxury, but in securing a footprint in the city with room to add value over time. A thoughtful perspective is that its age and basic condition remove the pressure of preserving high-end finishes, allowing the next owner to make practical, incremental improvements suited to their budget.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
Municipal assessments are based on market value and specific property characteristics. This home's very low assessment reflects factors like its age, basic condition, lack of renovations, and the market values of similar homes in its immediate area.
2. What does "unrenovated basement" typically imply?
This usually indicates the basement is in its original or utilitarian state. It likely has concrete walls and floors, basic ceiling finishes, and is suited for storage or mechanical systems rather than finished living space. It should be inspected for moisture issues common in older homes.
3. How does the living space compare to the neighbourhood?
At 1,148 sqft, the living area is quite standard for Inkster-Faraday, ranking near the neighbourhood average. It offers a typical amount of space for the area, neither unusually small nor large.
4. What are the considerations with a 1912-built home?
Homes of this age possess character but require diligent attention to aging components. Buyers should budget for and inspect major systems like wiring, plumbing, and the foundation. The historical construction can be solid, but modernization is often needed.
5. The lot is smaller than the city average. Is that a drawback?
While the lot is below the citywide average, it is closer to the typical size for its own street and neighbourhood. For this area, it is a standard parcel. The smaller lot can mean lower maintenance costs and taxes, which aligns with the home's overall profile as an affordable option.