Property Summary: 395 Arnold Avenue, Lord Roberts, Winnipeg

Key Characteristics & Appeal

This is a compact, early-20th century home built in 1908, offering a straightforward entry point into the Lord Roberts neighbourhood. Its primary appeal lies in its relative affordability and a lot size that is quite typical for the immediate area. The 720 sqft living area is modest, ranking below average for the street and city, suggesting a cozy footprint ideal for minimalists or those comfortable with efficient use of space. The assessed value is positioned solidly in the middle range for the local market, indicating a fair, established value rather than a premium or deeply discounted price.

This property would suit a first-time buyer, an investor, or someone seeking a lower-maintenance home without leaving a central neighbourhood. Its recent sale history shows steady value appreciation, pointing to a stable investment. A thoughtful perspective for the right buyer is the potential in the land itself; the lot is a standard city size for the area, offering outdoor space and future possibilities relative to many newer, denser developments. It represents a chance to own a character home in an established community without the premium often attached to fully renovated or larger properties in the same zone.

Frequently Asked Questions

1. How does the size of this home compare to others nearby?
At 720 sqft, the living area is below the average for both Arnold Avenue and the wider Lord Roberts neighbourhood. It is a compact home, which is reflected in its pricing.

2. What does the assessed value tell me about this property?
The assessed value of $23,500 is around the average for homes on its street and in Lord Roberts, but below the citywide average. This typically indicates a fairly valued property within its specific, established neighbourhood context.

3. How old is the house, and what should I consider?
Built in 1908, this is one of the older homes on the street and in the city. Buyers should budget for and prioritize a thorough inspection to understand the condition of major systems like wiring, plumbing, and the foundation, which may require updates.

4. Has the property’s value increased over time?
Based on available sold price ranges, the property increased in value from the $200k-$250k range in 2017 to the $250k-$300k range in 2024, indicating steady market growth over that period.

5. Where can I see more detailed comparisons with neighbouring properties?
You can use the provided link to open a neighbourhood map analysis, which allows you to visually compare this property with nearby homes based on year built, living area, assessed value, and lot size.