Property Overview: 538 Tremblay Street, Archwood, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Archwood presents a straightforward opportunity. Its key characteristic is the generous 4,002 sqft lot, which ranks within the top quarter for size on its street and across Winnipeg. This offers significant outdoor space and potential in a city where larger lots are increasingly rare. The detached garage adds practical utility.
The appeal lies in its position as a solid entry point into the market or a manageable investment property. With a modest 700 sqft living area and an assessed value that places it in the lower tier for the neighbourhood, it suits buyers with a clear budget focus. This property would best suit a first-time buyer comfortable with a home from the 1940s, a hands-on investor looking for a land-value play, or someone seeking a lower-maintenance base with room to garden or expand outdoors. A less obvious perspective is that its lower-than-average living area for the street could mean lower utility costs and less to maintain, aligning with a simpler, more efficient lifestyle. Its last sale price in 2019 was notably low for the area, which may indicate it's been a stable, long-term holding, suggesting a well-established, quiet part of the neighbourhood.
Section 2: Frequently Asked Questions
1. What does the lot size ranking actually mean?
The lot is 4,002 sqft, which is larger than 76% of the lots on Tremblay Street and larger than 74% of lots in Winnipeg. This is a standout feature, offering more private outdoor space than most comparable properties.
2. Why is the living area ranked so low?
The home has 700 sqft of living space, which is smaller than about two-thirds of the homes on its street. This reflects the compact, efficient layout typical of many one-storey homes from its era and is a factor in its accessible price point.
3. How does the assessed value compare to recent sales?
The current assessed value is $23,500. The home last sold in July 2019 for $18,600, which was among the lowest-priced sales on the street at that time. This history suggests it has been valued as a more budget-friendly option in the area.
4. What type of neighbourhood is Archwood?
Archwood is a mature, established neighbourhood in Winnipeg. The property rankings show home values and sizes here are a mix, with this home sitting in the more affordable range, indicating a diverse community of older and potentially updated homes.
5. Who might this property not be suitable for?
It may not suit buyers looking for a move-in-ready, modernized home without any projects, or families requiring significant immediate indoor space. The lower living area ranking highlights its compact nature, which prioritizes lot size over interior square footage.