Property Overview: 331 Arnold Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This is a compact, century-old home (built 1909) on a standard city lot in the established Lord Roberts neighbourhood. Its primary appeal lies in its position as an affordable entry point into a central Winnipeg community. At 926 sqft, the living space is modest and sits below the city-wide average, making it a practical, no-frills option rather than a spacious family home.
The home’s value is grounded in its land and location. The assessed value is significantly below the city average, reflecting the older home but also indicating a lower property tax base. This profile suits first-time buyers, investors, or downsizers seeking a low-cost foothold in a mature neighbourhood where value is driven more by the lot’s potential and location than by the current structure. A thoughtful perspective is that this property represents a "blank canvas" opportunity—its below-average metrics across size, age, and assessment suggest the future value will be shaped more by the owner's vision and investment than by existing premium features.
Frequently Asked Questions
1. What is the exact selling history for this home?
Public records show it last sold between $200k-$250k in 2020. The precise sale price is not publicly listed online but can be requested directly from the listing service.
2. How does this home compare to others in the area?
Within the immediate Lord Roberts area, this home is around average for both size and assessed value. Its lot size is also typical for the neighbourhood, though it is smaller than the Winnipeg city-wide average.
3. What should I consider about a home built in 1909?
While offering classic charm, a home of this age will likely require careful attention to foundational systems, wiring, plumbing, and insulation. A thorough inspection is essential to understand the condition and any needed updates.
4. Is the assessed value the same as the market value?
No. The assessed value ($23.5k) is for municipal tax purposes and is typically much lower than the market value (the price a buyer would pay). The last sold price range ($200k-$250k) is a better indicator of market value.
5. What are the potential upsides to a property with below-average city-wide metrics?
The lower assessment can mean relatively lower property taxes. Furthermore, properties that are "below average" for the city but "around average" for a desirable neighbourhood like Lord Roberts can represent a value opportunity, allowing buyers to enter a stable area at a lower price point.