Property Overview & Appeal
This home at 312 Arnold Avenue in Winnipeg's Lord Roberts neighbourhood presents a distinct blend of character and practicality. Its key characteristic is its generous 1,548 sqft living area, which ranks well above average for both the street and the broader neighbourhood. This offers substantial interior space relative to many local comparables. Built in 1905, the property is notably older than most, suggesting classic architectural charm but also implying a need for diligent maintenance and potential updates. The assessed value is modest and competitive for the area, while the lot size is typical for its urban setting.
The appeal lies in securing a spacious, established home in a central neighbourhood at a value-oriented price point. It suits buyers who prioritize interior square footage over a large yard and are prepared for the realities of a century-old home—whether that means appreciating its original details or planning thoughtful renovations. A less obvious perspective is that its older vintage, while requiring attention, often comes with construction materials and craftsmanship less common in newer builds. It would particularly suit a pragmatic first-time buyer needing space, an investor looking for a character property in a stable area, or someone seeking a home with a story that isn't priced at a premium for its age.
Frequently Asked Questions
1. What does the "above average" ranking for living area actually mean?
It means this home's interior space is larger than most comparable homes on its street and in the Lord Roberts area. Specifically, it falls within the top 15% on Arnold Avenue and the top 8% in the neighbourhood for living area.
2. The house was built in 1905. What should I be most concerned about?
While systems like plumbing, electrical, and the roof may have been updated over the years, their age and compliance with modern standards should be a primary focus for a professional inspection. The energy efficiency and maintenance needs of a 121-year-old structure will also be key considerations.
3. How does the assessed value relate to the likely market price?
The assessed value ($34,900) is for municipal tax purposes and is typically significantly lower than market value. The last known sold price range (2020: $250k-$300k) is a more useful, though dated, reference point for understanding its market value trajectory.
4. The lot seems smaller than the city average. Is that a drawback?
For this urban neighbourhood, the 2,507 sqft lot is around average. It offers a traditional city yard. The trade-off is the larger-than-average interior space. If a large private outdoor area is a priority, this may not be the best fit.
5. How can I find out the exact historical sold prices?
The provider offers a manual service to share exact sold price data. You can submit your email via the "Get exact sold price history" button on the listing page, and they aim to reply with the accurate figures by the end of the same day.