Property Overview
This home at 394 Arnold Avenue in Winnipeg's Lord Roberts neighbourhood stands out for its generous proportions and established value. Its primary appeal lies in offering significantly more living space than most homes in its immediate area, city-wide, and even within its own desirable neighbourhood. With over 2,200 square feet of living area, it ranks in the top tier locally, suggesting a spacious layout that is a relative rarity. Built in 1961, it is notably newer than many surrounding homes, potentially meaning fewer concerns associated with very old infrastructure. The lot size is comfortably above average for the street, offering good outdoor space without the extensive maintenance of a much larger city plot. This combination suits buyers looking for a "move-in ready" size and scale in a mature neighbourhood, without needing to build new. It would particularly appeal to growing families seeking space, or downsizers from larger rural properties who still want ample room, all within a well-regarded established community.
Frequently Asked Questions
What does the "Elite" ranking for living area actually mean?
It means this home's interior square footage is among the top 3% of all 219 properties on Arnold Avenue and the top 1% within the broader Lord Roberts area. Simply put, it is exceptionally spacious compared to its direct neighbours.
The assessed value seems low compared to the sold price range. Why?
Municipal assessed values in Manitoba are often significantly lower than current market values and are used for calculating property taxes, not determining sale price. The sold price range from 2022 ($500k-$550k) is the more relevant indicator of its market worth.
As a 1961 build, what should I consider?
While newer than many area homes (which average from 1933), a 65-year-old home will still require due diligence. Key systems like plumbing, electrical, the roof, and windows may have been updated or may be nearing the end of their lifespan, so a thorough inspection is essential.
How does the lot size compare practically?
At just under 3,800 sq ft, the lot is larger than most on the street but smaller than the Winnipeg city average. This typically translates to a manageable yard with room for gardening and recreation, but not an expansive or overly burdensome green space.
Who are the most likely buyers for this property?
Given its space and neighbourhood, it's ideally suited for families who need multiple bedrooms and living areas, or for multi-generational living. It may also attract buyers from newer suburbs seeking more character and larger interior spaces than modern subdivisions often offer, without sacrificing room to live.