Property Overview: 38 Arnold Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This 1,209 sqft home, built in 1957, presents a compelling mix of space, value, and lot size within Winnipeg's Riverview neighborhood. Its primary appeal lies in its strong standing relative to its immediate street. The living area is comfortably above the street average, but the most notable feature is the land area—at 5,002 sqft, the lot ranks in the top 4% on Arnold Avenue, offering significantly more outdoor space than most neighbors. This creates a notable value proposition, as the home's assessed value of $384k also ranks above the street average, suggesting you get a larger parcel without a disproportionate premium.
The home suits two main types of buyers: those seeking a property with above-average outdoor potential for gardening, play, or expansion in an established area, and value-conscious buyers looking for a home that outperforms its immediate surroundings on key metrics. A thoughtful perspective is that while the home is newer than most in Riverview, it still carries the potential maintenance considerations of a nearly 70-year-old structure, balanced by the possibility of more modern systems than older area homes.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
It last sold between $350k-$400k in mid-2021. Its current assessed value of $384k is above average for Arnold Avenue but aligns closely with averages for the wider Riverview area and Winnipeg city-wide.
2. Is the lot size a major advantage?
On Arnold Avenue, yes—it's elite for the street. Compared to the broader Riverview neighborhood, however, the lot is slightly below average. The appeal is highly localized, offering more private outdoor space than direct neighbors.
3. What does the "Above Average" year built mean for a 1957 home?
It indicates the home is notably newer than most on its street (avg. 1933) and in Riverview (avg. 1938). This could suggest updates to foundational elements, but a specific interior inspection is needed to confirm the condition and modernization.
4. Who can provide exact historical sale prices?
The displayed sold price is a range from public data. For fully verified, exact transaction figures, you must request a manual lookup from the site via email, as MLS data is not published here.
5. How does the living space feel for the area?
At 1,209 sqft, it offers more space than the typical Arnold Avenue home and is very close to the Riverview average. It provides a comfortable size that is neither exceptionally large nor small for the community.