Property Summary: 511 Tremblay Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2014, stands out for its modern construction and above-average living space within its established Archwood neighbourhood. With 1,920 sqft of living area, it ranks in the top 2% for size on its street and top 1% in the wider neighbourhood, offering more room than many nearby properties. Its appeal lies in this combination of a newer, low-maintenance structure with the mature setting of a sought-after area. The home features a renovated basement, adding to its functional space.
The property suits buyers looking for a move-in-ready, modern home without sacrificing lot size, as the land area is also substantial. It particularly fits those who value statistical advantages; the data indicates it outperforms most local comparables in size, assessed value, and recent sale price. A thoughtful perspective is that while it commands a premium (evident from its $590k sale in late 2024), its assessed value remains relatively moderate, which may have positive implications for property taxes compared to its market value. It’s a solid choice for professionals or growing families seeking space and modernity in a prime location.
Frequently Asked Questions
1. How does the age of this home compare to others nearby?
Built in 2014, this is a notably newer home in its context. It ranks in the top 6% newest on its street and top 3% in the Archwood neighbourhood, where many homes are decades older.
2. What does the "rank" data for the recent sale price mean?
The sale price of $590k (from October 2024) ranks in the top 5% on its street and top 1% in the neighbourhood. This indicates it sold for a price higher than nearly all directly comparable nearby properties, reflecting its perceived market value.
3. Is the assessed value in line with the sale price?
No, there's a significant difference. The assessed value is $52.70k, while it recently sold for $590k. This is not uncommon, as municipal assessments for tax purposes often lag behind and use a different methodology than the current market.
4. What are the parking arrangements?
The listing specifies there is no garage. Buyers should inquire about driveway space or on-street parking protocols.
5. How does the living area square footage compare to typical Winnipeg homes?
With 1,920 sqft, this home is larger than approximately 89% of all residential properties in Winnipeg, placing it comfortably above average for the city.