124 Arlington Street
Key Characteristics & Ideal Buyer Profile
This is a 1,360 sqft home built in 1910, located in Winnipeg’s Wolseley neighbourhood. Its standout feature is its assessed value relative to the street it sits on. At an assessed value of $307k, it ranks in the top 16% of homes on Arlington Street, where the average assessment is $247k. This means you’re getting a property that, on paper, holds higher value than most of its immediate neighbours.
The living area is above average for the street (top 25%), though roughly average for the wider Wolseley area and citywide. The lot is notably small—2,412 sqft, ranking in the bottom 8% on the street and bottom 3% citywide. The year built is older than typical for Winnipeg (top 94% oldest), which is expected for this area but worth noting for maintenance considerations.
Who it suits: A buyer who values a strong assessment-to-street ratio and wants a home that stands out in its immediate context. This is not a “big lot” or “new build” property—it appeals to someone who prioritizes interior square footage and perceived value over outdoor space or modern construction. It may also suit someone familiar with older homes who is comfortable with the character and quirks of a 1910 build. Wolseley buyers who want a solid, above-average home on their block without paying a premium for a large yard will find this fits.
Frequently Asked Questions
1. How does the lot size compare to other homes in Wolseley?
The lot is 2,412 sqft, which is below average for the neighbourhood (average is 3,434 sqft). It ranks in the bottom 13% locally and bottom 3% citywide. If outdoor space is a priority, this property may feel tight compared to typical Wolseley homes.
2. Is the assessed value of $307k a reliable indicator of market price?
Assessment values are based on municipal valuations, not current market conditions. While this home’s assessment is well above average for Arlington Street, market price can vary depending on renovations, condition, and buyer demand. Always consult a realtor for a current market analysis.
3. What is the significance of the 1910 build year?
Homes from this era often have solid construction, high ceilings, and character details, but may also have aging systems (electrical, plumbing, insulation) that need updating. The home is older than 94% of properties citywide, so a thorough home inspection is strongly recommended.
4. How does this property compare to others on Arlington Street specifically?
On Arlington Street, this home ranks in the top 16% for assessed value and top 25% for living area. It is one of the more valuable homes on the block, but has a smaller lot (bottom 8%) and is slightly older than average (top 33% oldest). It’s a strong value proposition relative to its immediate neighbours.
5. What does the “top 25%” ranking for living area actually mean?
It means that out of 480 comparable homes on Arlington Street, only about 120 have a larger living area. At 1,360 sqft, the home is significantly above the street average of 1,163 sqft. This is a genuine advantage if interior space is your primary concern.