Property Overview: 525 Tremblay Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated bi-level home in Archwood presents a practical opportunity. Its key characteristic is a renovated basement, adding immediate liveable space to the 815 sqft main floor. The detached garage and a generous, nearly 2,800 sqft lot offer valuable utility and outdoor potential for a city property. Built in 1993, it is notably newer than many homes in the area, which may appeal to those seeking a more modern foundation without the premium of a brand-new build.
The appeal lies in its balance of space, updates, and location. It suits first-time buyers or downsizers looking for a manageable home with a move-in-ready basement suite or recreational space. The lot size is a standout, ranking highly city-wide, and is ideal for gardening, pets, or future expansion. A thoughtful perspective is its assessed value stability compared to its last sale price in 2017, suggesting a measured market history. It would particularly suit a buyer who values a large private yard over a massive interior footprint, and who appreciates the value of a renovation already completed in the basement.
Section 2: Frequently Asked Questions
1. How does the living space compare to the neighbourhood?
At 815 sqft above grade, the main living area is slightly below the neighbourhood average, but the renovated basement significantly expands the usable space. The total lot size, however, is among the largest in Archwood.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. This is a key detail to clarify with the seller or agent to understand if it’s a legal suite, a rec room, or additional bedrooms.
3. Is the property newer than others on the street?
Yes. Built in 1993, it is newer than approximately 91% of homes on Tremblay Street, which is a relative advantage in terms of potential systems and building materials.
4. How does the assessed value relate to the asking price?
The current assessed value is $31,400. Comparing this to the last sold price of $29,500 in 2017 provides a benchmark for market change, but the listing price should be evaluated against current comparable sales.
5. What is the Archwood neighbourhood like?
Archwood is an established, family-friendly neighbourhood in Winnipeg. The property’s large lot is typical of the area, offering a suburban feel within the city. It’s advisable to research local amenities, schools, and transit to see if it fits your lifestyle.