242 Arlington Street – Property Summary

Key Characteristics & Buyer Profile

This is a 1,649-square-foot home on a 2,401-square-foot lot in Winnipeg's Wolseley neighbourhood, built in 1910. Its standout feature is interior space: the living area ranks among the top 14% on Arlington Street and top 23% citywide, giving it significantly more room than typical homes nearby. The lot, however, is small—ranking in the bottom 5% on the street and bottom 3% citywide—so outdoor space is limited. Assessed value sits at $293,000, which is above average for the street but well below the Wolseley neighbourhood average ($371,300) and the city average ($390,100). The home is older than most in Winnipeg (top 94% oldest citywide), which may appeal to buyers who appreciate character homes and are comfortable with maintenance of an older structure.

The appeal lies in getting a larger-than-average floor plan at a price point that undercuts the surrounding neighbourhood and city medians. It suits buyers who prioritize interior square footage over yard space, who value Wolseley's established tree-lined streets and walkability, and who are open to a century home with its quirks and potential. It may be less suited to families wanting a large private backyard or buyers seeking a move-in-ready property with modern finishes, given the age and below-average assessed value relative to area benchmarks.

Frequently Asked Questions

1. How does the assessed value compare to similar homes in the area?
The $293,000 assessment is above average for Arlington Street itself (top 20%), but below average for Wolseley as a whole, where the average sits around $371,300. Citywide, it's also below average (top 73%). This suggests the home is priced competitively relative to its immediate neighbours but offers a lower entry point than much of the broader neighbourhood.

2. Is the lot size a concern for resale?
Yes, it could be for some buyers. The 2,401-square-foot lot ranks in the bottom 5% on the street and bottom 3% citywide, so it's notably small. This limits expansion options and outdoor living space. However, Wolseley is an older, established neighbourhood where smaller lots are more common, so it's less of a liability there than it would be in newer subdivisions.

3. What should buyers expect from a home built in 1910?
Century homes often have solid framing and character details like high ceilings, plaster walls, and possibly original woodwork, but they may also have aging electrical, plumbing, and insulation. The home's citywide age rank (top 94% oldest) means it predates most Winnipeg housing stock, so a thorough inspection covering foundation, knob-and-tube wiring, and lead paint is advisable. Renovation history isn't listed here, so that's key to investigate.

4. How does the living area compare to other homes on the street and in the city?
The living area is a strong selling point. At 1,649 square feet, it ranks #67 out of 480 homes on Arlington Street (top 14%) and #44,818 out of 194,458 citywide (top 23%). The street average is only 1,163 square feet, and the Wolseley neighbourhood average is 1,622 square feet, so this home offers notably more interior space than most nearby options.

5. Does the property likely need significant updates?
The below-average assessed value relative to the neighbourhood and city could indicate fewer recent upgrades compared to surrounding homes, but this isn't certain. The age (1910) and low citywide rank for year built suggest original systems may remain. Buyers should verify the condition of the roof, furnace, windows, and kitchen/bathrooms. The small lot also means any additions are unlikely, but interior renovation potential is open depending on layout.