Property Overview: 423 Arnold Avenue, Lord Roberts, Winnipeg
Key Characteristics & Appeal
This home stands out in the Lord Roberts neighbourhood for its generous proportions. Its primary appeal lies in offering significantly more space—both indoors and on the lot—than is typical for the area. With 2,240 sqft of living area, it ranks in the top 2% of homes on its street and the top 1% within Lord Roberts, making it a notably spacious offering in a neighbourhood of generally more compact homes. The lot size of over 4,100 sqft is also well above the local average, providing ample outdoor space that is a rarity here.
Built in 1961, it is a more modern structure compared to many heritage homes in the area, which may appeal to those seeking a balance of established character and relatively contemporary construction. The assessed value positions it as a premium offering in the immediate locale, reflecting its size and desirability.
This property is ideally suited for buyers who prioritize interior and yard space but wish to remain in a central, established neighbourhood like Lord Roberts. It would fit a growing family needing room to expand or someone looking for a property with scale without moving to the outer suburbs. It also represents a solid, sizeable asset within the city’s broader market.
Frequently Asked Questions
1. How does this home’s size compare to others nearby?
It is exceptionally large for the Lord Roberts area. Its living area is more than double the neighbourhood average, placing it in the top 1% of homes locally.
2. Is the assessed value in line with recent sale prices?
The current assessed value is $51,600. A sale in 2021 was recorded in the $450,000-$500,000 range. It’s important to note that assessed value for tax purposes and market value can differ; requesting the exact sold price history is recommended for accurate comparison.
3. What does the 1961 build year mean for a buyer?
While newer than many area homes (which average from the early 1930s), a 1961 home will still require due diligence on systems like plumbing, electrical, and the roof. It may offer more modern layouts than century-old homes but is not a new build.
4. How does the lot size compare city-wide?
While the lot is spacious for Lord Roberts, it is below the Winnipeg city-wide average. The appeal is its relative size within this desirable, central neighbourhood, not an exceptionally large lot by suburban standards.
5. Who would this property not suit?
It may not be the best fit for a first-time buyer or someone seeking a low-maintenance property, given its scale and premium positioning. It also may not appeal to buyers specifically seeking the classic pre-war character found in many other homes in the area.