Property Overview: 86 Arnold Avenue, Riverview, Winnipeg

Key Characteristics & Appeal

This 1,152 sqft home, built in 1911, sits on a 2,501 sqft lot in Winnipeg's Riverview neighborhood. Its primary appeal lies in its value proposition within a well-established area. The home's assessed value of $221k is notably below averages for the street, neighborhood, and city, suggesting a potentially lower entry point. While the living space is average for the street, the lot size is more compact than many in the wider area.

This property would suit practical, value-conscious buyers—such as first-time homeowners or investors—who prioritize location and fundamentals over size or modern finishes. It represents an opportunity to enter a mature neighborhood at a relatively accessible level, with the understanding that a home of this age may require updates or maintenance. A thoughtful perspective is that its "below average" metrics in value and lot size compared to the city might actually be an advantage on its own street, offering a more modestly scaled home in a community of larger, higher-valued properties.

Frequently Asked Questions

1. Why is the assessed value so much lower than the neighborhood average?
The assessed value is a municipal calculation for tax purposes and is often conservative, especially for older homes that haven't been recently renovated. It indicates a potentially lower tax burden and a price point that may be attractive compared to neighboring homes.

2. What does the sold price range (CA$250k–300k) tell me?
This estimated range, from late 2024, suggests the home likely sold for a premium above its assessed value, which is common in active markets. It provides a recent benchmark for what a buyer was willing to pay, placing it in the middle-to-upper range for the street.

3. Is the lot size a disadvantage?
At 2,501 sqft, the lot is smaller than many in Winnipeg, which means less yard space. However, it is relatively more in line with other homes on Arnold Avenue itself. This can mean lower maintenance and may appeal to those not wanting extensive outdoor upkeep.

4. As a 1911 home, what should I be prepared for?
Homes of this era possess character but often require attention to aging infrastructure like plumbing, electrical, and insulation. A thorough inspection is essential. The positive trade-off is the opportunity to own a piece of the neighborhood's history, often with architectural details not found in newer builds.

5. How can I get the exact sold price?
The site notes that due to industry rules, exact MLS sold prices are not displayed publicly. You can request the exact figure via email from the site provider, who will manually look it up and send it to you.