Property Overview & Key Characteristics
This home at 450 Arnold Avenue in Winnipeg's Lord Roberts neighbourhood presents a compact, historically grounded living option. Built in 1911, its 688 sqft living area is notably smaller than average for the street, area, and city, positioning it as a more manageable footprint. The lot size of 2,504 sqft is fairly typical for the immediate area. A key characteristic is its low assessed value ($19,400), which is significantly below local and citywide averages, suggesting a potentially lower property tax burden.
Its appeal lies in its simplicity and efficiency. It suits first-time buyers seeking an entry point into the market, downsizers looking to reduce maintenance and costs, or investors interested in a character property with fundamentals that differ from newer, larger homes. A thoughtful perspective is that a smaller, older home like this can offer a clearer, more contained renovation project compared to a larger property, allowing for thoughtful modernization within a defined scope. Its average rankings for year built and lot size on its street indicate it fits the fabric of the neighbourhood, offering established community character without being an outlier.
Frequently Asked Questions
1. Is the living space practical for everyday life?
At 688 sqft, the home is compact. It would suit individuals, couples, or those comfortable with efficient, minimalist living. Its appeal is in its manageability, not spaciousness.
2. What does the low assessed value mean for me?
A lower assessed value typically translates to lower municipal property taxes, which is a recurring annual savings. It's important to note that assessed value is not market value; the recent sold price range indicates the market value is higher.
3. What should I consider with a 115-year-old home?
While the structure has stood for over a century, a priority is understanding the condition of major systems (plumbing, electrical, foundation) and the roof. The charm of older homes comes with a responsibility for proactive maintenance.
4. How does the lot size compare?
The lot is around average for Lord Roberts but below the Winnipeg city average. This means outdoor space is modest but typical for the central neighbourhood, potentially requiring less upkeep than a larger yard.
5. How can I find out the exact past sale price?
The provided sold price is a range from public data. As noted on the detail page, you can request the exact historical sold price by emailing the listing service; they provide this data manually without marketing spam.