Property Overview: 50 Arden Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home presents a compelling opportunity centered on its exceptional lot size. Built in 1961, the 1,172 sqft house offers living space that is typical for its Pulberry neighborhood and Winnipeg overall. Its assessed value of $419k is above average for its street but aligns with broader area averages. The true standout feature is the land: a 13,768 sqft lot that ranks in the top 5% on its street and top 3% both neighborhood and city-wide. This generous outdoor space is a rare find, offering significant potential for gardening, expansion, or simply enjoying ample private grounds.
The appeal lies in this land-value proposition. It suits a buyer who sees potential beyond the existing footprint—whether for future additions, creating a personalized outdoor oasis, or making thoughtful updates to the solid, mid-century home over time. It’s a property for a pragmatic buyer or investor who values the inherent worth of land in a well-established area. Recent sale activity (2024 and 2019) indicates a stable and desirable location, with the latest sale price positioning it well above average for the immediate street.
Section 2: Frequently Asked Questions
1. Is the house itself outdated?
The home was built in 1961, which is typical for the area. Buyers should anticipate features consistent with its era and budget for potential updates to systems, kitchens, or bathrooms to meet modern standards, while appreciating the character of a well-built mid-century property.
2. What can I do with such a large lot?
The lot is the prime asset. Uses could include adding a substantial deck or patio, creating extensive garden beds, installing recreational features like a sport court, or even planning a future addition (subject to local zoning and permit approvals). It offers unusual privacy and space for a city property.
3. How does the assessed value relate to the likely selling price?
The assessed value ($419k) is for municipal tax purposes and is a useful benchmark. The most recent sold price range (2024) suggests the market value is competitive, potentially aligning with or exceeding this assessment. For precise current market value, a comparative market analysis with a local agent is recommended.
4. How does this property compare to others on the street?
It ranks above average in assessed value and is elite in lot size on Arden Avenue. The living area is around the street average. This indicates you’re paying a premium for the land and a well-situated property, rather than for a disproportionately large house.
5. Where can I get verified historical sale data?
The provided sold price ranges are based on public data. For fully verified and exact sale figures, including MLS records, you must request a manual lookup from the site via email, as this data is not displayed directly due to industry regulations.