Property Overview: 88 Arnold Avenue, Riverview, Winnipeg
Key Characteristics & Appeal
This home presents a classic Riverview character property built in 1907, offering a practical footprint of 1,121 sqft on a modest, manageable lot. Its primary appeal lies in its position as a competitively priced entry point into a desirable neighborhood. With an assessed value significantly below the Riverview average, it represents a relative value play for those prioritizing location over size or new construction.
The data suggests a home that is typical for its own street in terms of living space and value but stands out as more compact and historically rooted when viewed within the wider neighborhood and city context. This isn't a sprawling property; its charm is in its efficiency and established setting. It would suit a first-time buyer, an investor, or a downsizer seeking the Riverview lifestyle without the premium price tag of larger, more modern homes in the area. The buyer should be comfortable with the realities and potential of a century-old home, seeing it as a solid foundation in a prime location rather than a move-in-ready showcase.
Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The home was last sold in June 2021 for an estimated $350k-$400k. Its current assessed value of $311k is below that range and notably lower than the Riverview neighborhood average, which may indicate assessment timing or reflect the home's older vintage and smaller lot size relative to area norms.
2. Is the lot size a disadvantage?
At 2,501 sqft, the lot is smaller than most in Riverview and Winnipeg overall. This means less yard maintenance but also limited space for expansions, large decks, or extensive landscaping. It's a trade-off that contributes to the home's accessibility.
3. What does the "Year Built" ranking mean for me?
Ranking in the oldest ~5% of city homes means major systems (roof, wiring, plumbing, foundation) are likely older or have been updated over time. A thorough inspection is essential. The upside is the classic craftsmanship and character often found in homes of this era.
4. The living area seems average, but what about the layout?
While the square footage is typical for the street, the 1907 build date suggests the floor plan may differ from modern open-concept designs. Consider how the room flow and compartmentalized spaces align with your lifestyle needs.
5. How can I get precise historical sale data?
The provided sold price is an estimated range from public records. For fully verified, exact transaction figures, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry regulations.