Property Overview: 400 Arnold Avenue, Lord Roberts, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old home (built 1912) on a standard-sized lot in the Lord Roberts neighbourhood. Its key characteristic is its modest scale, with a living area of 610 sqft that places it among the smaller homes locally and city-wide. The assessed value is notably below average for the area, reflecting its size and vintage.
The primary appeal lies in its position as an accessible entry point into a mature, established neighbourhood. It suits a specific buyer: a first-time homebuyer, an investor, or someone seeking a minimalist footprint who values location over square footage. The below-average costs for taxes and purchase price (historically) are clear financial advantages. A thoughtful perspective is that a home of this size and era on a 2,500 sqft lot presents a clear canvas—its value is heavily tied to its potential. For the right buyer, it represents the land and location with a liveable structure, where future expansion or renovation could be a strategic way to build equity in a desirable area.
Section 2: Frequently Asked Questions
1. Is this a house or a condo?
The listing indicates a land area of 2,505 sqft, confirming it is a standalone, freehold property, not a condominium.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value ($19,400) is based on the property's specific attributes—its small size, age, and likely basic condition—compared to the average Winnipeg home, which is newer and larger. It is more in line with, though still below, the averages for Lord Roberts and Arnold Avenue.
3. What does the "Top 97%" ranking for living area mean?
This means the home's living area is smaller than approximately 97% of comparable properties in the Lord Roberts area. It is a very compact home relative to its neighbours.
4. Can I find out the exact price it last sold for?
The public data shows a sold price range of CA$150k–200k in 2019. The listing service offers to provide the exact sold price via email upon request, which they fulfill manually.
5. What are the possibilities for expanding or renovating?
Given the home's small footprint and the standard city lot size, there is likely potential for additions or significant renovation, subject to local zoning bylaws and building codes. This is a key consideration for buyers viewing this as a long-term project.