Property Overview & Key Characteristics

This home at 482 Arnold Avenue in Winnipeg's Lord Roberts neighbourhood presents a practical and straightforward opportunity. Its key appeal lies in offering solid fundamentals at a scale that is manageable and competitively positioned within its immediate area. The 1,108 sqft living space is very close to the average for both the street and the neighbourhood, suggesting a comfortable size without being excessive. A standout characteristic is its year of build (1971), which is notably newer than most homes on Arnold Avenue and in Lord Roberts, potentially implying fewer concerns with the aging systems common in much older housing stock.

The property’s assessed value is below average for its surroundings, which could indicate a value proposition for a buyer, though it warrants closer investigation into the condition and potential updates needed. The lot size is standard for the local area but modest by wider city standards, aligning with the neighbourhood's established character.

This home would likely suit first-time buyers or practical downsizers looking for an entry into a mature neighbourhood without the immediate burden of a massive renovation project. It’s a home for someone who prioritizes function, location, and a newer build date over grandeur or a large outdoor space.

Frequently Asked Questions

1. What does the below-average assessed value actually mean?
While a lower assessment can suggest a more affordable entry point, it often reflects the property’s current market valuation by the city for tax purposes. It’s wise to determine if this is due to the home’s condition, layout, or other factors that a buyer might need to address.

2. How significant is the 1971 build year in this neighbourhood?
It’s a major relative advantage. With most comparable homes on the street and in Lord Roberts dating from the 1930s, this 1970s build likely means more modern wiring, plumbing, and insulation, which can reduce immediate repair risks and improve energy efficiency.

3. Is the lot size a limitation?
The lot is typical for Arnold Avenue but smaller than the city average. This means lower maintenance, which is a plus for many, but offers less space for expansion, large gardens, or outdoor recreation compared to suburban properties.

4. What can the recent sale price range tell me?
The 2024 sale price range (CA$250k–300k) provides a very recent market benchmark. It’s essential to request the exact price to understand where it landed in that range, which helps gauge current value and the seller’s potential flexibility.

5. Who are the most likely neighbours or comparable buyers?
Given its profile, you’re likely competing with budget-conscious buyers seeking a move-in-ready home in a central location, as well as investors looking for a relatively modern property to rent out in a stable neighbourhood.