Property Overview: 8 Arnold Avenue, Riverview, Winnipeg

Key Characteristics & Appeal

This 944 sqft home, built in 1944, presents a practical opportunity in Winnipeg's Riverview neighborhood. Its core appeal lies in a balanced value proposition and a lot size that stands out on its street. With an assessed value of $326k, it sits around the average for Arnold Avenue but below the broader neighborhood and city averages, suggesting a potentially more accessible entry point into the area.

The property’s most notable feature is its 4,002 sqft lot, which is significantly larger than the street average. This offers valuable outdoor space and future potential in a setting where many lots are smaller. While the living area is modest compared to area norms, this aligns with the character of older, established streets and can mean lower utility costs and less maintenance. The home last sold between $250k-$300k in late 2020.

This property would suit a first-time buyer or a downsizer seeking a manageable footprint in a central neighborhood without a premium price tag. It’s also a sensible fit for a value-oriented buyer who prioritizes land size over a large interior, seeing the yard as an asset for gardening, pets, or long-term possibility.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the likely selling price?
The assessed value ($326k) is for municipal tax purposes and is a starting point. The last known sale was below this range in 2020. Market conditions, property condition, and updates since then will ultimately determine the price.

2. How does the smaller living area impact daily life and value?
At 944 sqft, the home is cozy and efficient. This can mean lower heating and maintenance costs. Buyers should consider if the layout meets their spatial needs, as the value here is more weighted toward the land than the size of the structure.

3. What does the larger-than-average lot size mean for me?
The lot is a key asset. It provides more private outdoor space than most on the street, which is a rarity. This allows for gardening, recreation, or future projects like a shed or deck, adding utility that smaller lots cannot.

4. The home was built in 1944. What should I be aware of?
Homes of this age may have original systems like wiring, plumbing, or windows. A thorough inspection is essential to understand the condition and to budget for any necessary updates or maintenance typical of a house from this era.

5. How can I find out the exact past sale prices?
The site provides sold price ranges for context. Due to industry regulations, exact MLS sale figures are not published here. You can request the full transaction history via email through the provided link on the property page for verified details.