Property Overview: 389 Arnold Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Arnold Avenue is a classic, compact property built in 1908, offering a grounded entry point into Winnipeg's established Lord Roberts neighbourhood. Its key appeal lies in its relative affordability and a lot size that is quite standard for the immediate area, providing a manageable outdoor space. The living space (720 sq ft) is notably smaller than most local and city-wide averages, positioning this as a true character home or a efficient starter property rather than a spacious family residence.
The home would best suit a first-time buyer, an investor, or someone looking to downsize into a central neighbourhood without a premium price tag. Its assessed value is average for the street and neighbourhood, suggesting it's priced in line with its local context. A thoughtful perspective for the right buyer is the potential in the lot itself (2,582 sq ft), which is a solid canvas for future landscaping, gardening, or even expansion, subject to approvals. This isn't a modern, turn-key property; its charm and value are rooted in its location, history, and the opportunity it presents for a buyer comfortable with a home of this vintage and scale.
Section 2: Frequently Asked Questions
1. How does the smaller living area compare practically?
At 720 square feet, the home is significantly cozier than the neighbourhood average (over 1,100 sq ft). This necessitates efficient use of space and would suit a minimalist lifestyle or a couple comfortable with compact living.
2. What does the assessed value tell me about the price?
The assessed value of $25,700 is around the middle for both Arnold Avenue and the wider Lord Roberts area. This indicates the property is not an outlier and its municipal valuation is consistent with its immediate surroundings, though it is below the city-wide average.
3. Are older homes like this (built 1908) a concern?
Any home over a century old requires careful attention. While full of character, prospective buyers should prioritize a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed updates or maintenance.
4. What is the potential based on the lot size?
The lot of 2,582 sq ft is fairly typical for the street. It offers reasonable outdoor space for a city home and, importantly, provides standard redevelopment options for the area, whether for a future addition, garage, or garden suite, pending zoning regulations.
5. How can I find out what it last sold for?
The listed sold price range (e.g., CA$200k–250k for 2020) is based on public data. For the exact historical sale price, you can request it directly via the provided email service on the listing page.