Property Overview: 1603 Arlington Street, Winnipeg

Key Characteristics & Appeal

This property presents a unique profile defined by a significant contrast. Its most standout feature is the exceptionally large lot of 7,582 sqft, which ranks in the top 1% for size both on its street and in the Inkster-Faraday neighbourhood. This offers rare potential for expansion, gardening, or outdoor space in an urban setting. However, the home itself has a very low assessed value ($12,400), placing it in the bottom tier compared to nearby and city-wide averages. Historical sale data suggests it transacts at a price point significantly below typical Winnipeg homes.

Its appeal lies squarely in the land and its potential. It is a clear opportunity for a buyer whose primary goal is to secure a large parcel of land at a very accessible entry point. This would suit a value-driven investor, a builder, or a hands-on homeowner willing to undertake a major renovation or rebuild project. It is not a move-in-ready home for someone seeking conventional finishes or modern amenities. The appeal is foundational and future-oriented, offering a blank canvas at a land cost that is increasingly difficult to find.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
The assessed value reflects the current state and market valuation of the existing property. Given the low value and older suggested year of construction (near 1913, based on a comparable reference), this typically indicates a home that requires substantial modernization or may be considered a teardown, with the value concentrated in the land.

2. What can I do with such a large lot?
Beyond a standard yard, a lot of this size (over 1/6 of an acre) could accommodate additions like a large garage, workshop, or secondary suite (subject to zoning bylaws and permits). It's also ideal for extensive landscaping, vegetable gardens, or recreational space.

3. Who would this property not be suitable for?
It is likely not suitable for first-time buyers seeking a turn-key home, or for anyone unable to manage or finance a significant renovation or construction project. The initial cost savings would be directed toward future development costs.

4. The sold price history shows a range. How do I get the exact figure?
The exact sale prices are not publicly posted in detail. As noted on the listing, you can request the precise historical sold price by emailing the provided service; they manually provide this data without using your email for marketing.

5. How does the "ranking" system work for the metrics?
The rankings compare this specific property against groups of "comparable homes." For example, its "Top 1%" rank for Land Area means its lot size is larger than 99% of the lots it's being compared to on its street. Conversely, a "Top 98%" rank for Assessed Value means its value is higher than only 2% of comparables, indicating it is at the very low end of that scale.