Property Overview
This 1943 one-storey home on a spacious 3,900 sqft lot in Archwood presents a straightforward opportunity. Its key appeal lies in the land itself—the lot size ranks in the top third for the street and is larger than most in Winnipeg. The home is modest, with 576 sqft of living space, and features a detached garage and an unrenovated basement. The assessed value has remained relatively stable over recent years.
This property would primarily suit a specific buyer: someone looking for an affordable entry into the Winnipeg market who sees potential in the lot size over the current structure. It's a candidate for a long-term hold, a future rebuild, or a renovation project for a hands-on owner. Its compact size may also appeal to those seeking minimal interior upkeep. The stable assessment history suggests a predictable tax base, which can be appealing for budget-conscious planning.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 67% in same street") actually mean?
It's a comparative benchmark. For example, "Top 67% for lot size on the same street" means this property's lot is larger than 67% of its immediate neighbours, highlighting the lot as a relative strength.
2. The living area is noted as 576 sqft. Is that typical?
No, it's quite compact. The data shows it ranks in the bottom 12% on its street and bottom 6% in Archwood for living space, confirming the home itself is small relative to the area.
3. The assessed value hasn't changed much since 2017. Is that a concern?
Not necessarily. It indicates the property's official valuation has remained consistent through recent market shifts, which can provide a measure of stability and predictability for property taxes.
4. What is the significance of the "unrenovated basement"?
This is a key detail. It means the basement is in original or functional condition but offers no finished living space. It presents both a blank canvas for potential expansion and an immediate cost for any desired upgrades.
5. Who might the "For Reference" and "Worth Viewing" comparable listings be for?
These listings provide context. The "For Reference" homes (like 584 Guilbault St.) show what similar, slightly larger homes in Archwood are valued at. The "Worth Viewing" suggestions (like 428 Edgewood St.) highlight alternatives in nearby neighbourhoods, helping you gauge this property's value within a broader search area.