102 Arlington Street – Summary

Key Characteristics & Ideal Buyer Profile

This is a 1,242-square-foot home built in 1909 on a 2,411-square-foot lot in the Wolseley neighbourhood of Winnipeg. Its assessed value is $215,000. Relative to other homes on the same street, both the living area and assessed value sit around average. The standout feature is its affordability: the property ranks in the bottom 10% citywide for assessed value, and in the bottom 2% within Wolseley, making it one of the more accessible entry points into a desirable central neighbourhood.

Its appeal lies in the trade-off between location and price. Wolseley is known for character homes, mature trees, and walkability, but most properties in the area carry a premium. This home offers a way into that market at a significantly lower cost, though it comes with modest square footage and a small lot—especially compared to citywide averages. The building is over a century old, so buyers should expect maintenance needs typical of a house from that era.

This property would suit a first-time buyer looking for an affordable foothold in a well-located neighbourhood, or an investor willing to take on some updating. It may also appeal to someone who values location over interior size and is comfortable with a smaller lot and an older structure.

Five Possible FAQs

1. Why is the assessed value so low compared to other homes in Wolseley?
The assessed value is $215,000, which is well below the neighbourhood average of $371,300. That reflects a combination of the home’s age, its smaller living area and lot size, and possibly a lack of recent major renovations. It is not necessarily in poor condition, but the assessment suggests it has not kept pace with the higher-end updates common in the area.

2. How does the lot size affect usability?
At 2,411 square feet, the lot is smaller than most on the street and in the neighbourhood. That limits outdoor space for gardening, parking, or additions, but it also means less upkeep. If a large yard is a priority, this property might feel tight.

3. What should I expect from a home built in 1909?
Expect original construction details like plaster walls, knob-and-tube wiring (possibly still present), and an older foundation. Systems like plumbing, heating, and electrical may need inspection or upgrades. Older homes often have good bones but require ongoing attention; a thorough inspection is strongly recommended.

4. How does the living area compare to other homes in Winnipeg?
At 1,242 square feet, it is slightly below the citywide average for comparable homes (1,342 sq ft) but ranks around the middle citywide. Within Wolseley, it is below average—the neighbourhood average is 1,622 sq ft. For a single person or couple, the size is likely adequate; for a family, it may feel compact.

5. Is this property a good investment?
It depends on your goals. The low purchase price relative to the neighbourhood suggests potential for value growth if improvements are made, but the small lot and older structure limit upside compared to renovating a larger property. For steady appreciation in a popular area, it is a reasonable bet—but not a guaranteed flip.