Property Overview: 111 Arden Avenue, Winnipeg
Section 1: Key Characteristics & Buyer Profile
This home at 111 Arden Avenue is a 1,003 sqft bungalow built in 1963, situated on a 5,562 sqft lot in the Pulberry neighborhood. Its key appeal lies in its position as a competitively priced entry point into a stable area. The assessed value of $356k is notably below the local street and neighborhood averages, suggesting a relative value opportunity for a buyer comfortable with a home of a smaller scale.
The living area is compact compared to most homes on the street and in Pulberry, which points to a efficient, manageable footprint ideal for first-time buyers, downsizers, or investors. A thoughtful perspective is that its 1963 build date is actually newer than many immediate neighbors, potentially indicating updates or a construction era with modern amenities for its time. The lot, while smaller than others on the block, is still a good size city-wide, offering decent outdoor space without excessive maintenance.
This property would best suit practical buyers who prioritize location and value over sheer size. It’s a candidate for someone looking to build equity, who values lower property taxes tied to a below-average assessment, or who sees potential in a home where the numbers suggest room for value growth relative to the surrounding area.
Section 2: Frequently Asked Questions
1. Is the assessed value likely to increase?
While not guaranteed, the assessed value is currently below the averages for both the street and the wider Pulberry neighborhood. This discrepancy can sometimes indicate potential for the assessment to move closer to local norms over time, which could benefit future equity.
2. How does the smaller living area impact daily life?
The home ranks in the top 84% on its street for size, meaning most neighbors have larger homes. This suits simpler living but requires efficient use of space. It’s worth considering if the layout feels open or confined for your needs.
3. What does the sold history tell us?
Records show it last sold between $250k-$300k in mid-2019. The current assessed value of $356k reflects market growth since then and aligns with similarly assessed homes across Winnipeg, providing a benchmark for its perceived market value.
4. How does the lot size compare?
At just over 5,500 sqft, the lot is smaller than most on Arden Avenue but is close to the city-wide average. It offers a manageable yard—less upkeep than larger lots, but also less private space than some direct neighbors.
5. Are the public sold price figures accurate?
The site uses aggregated public data, not MLS records, and shows approximate price ranges. For fully verified, exact historical sale figures, you must request a manual lookup from the site’s team, as detailed in the data notes.