Property Overview & Key Characteristics
This one-and-a-half storey home in Archwood, built in 1948, sits on a generous 4,148 sqft lot. Its key features include a renovated basement and a detached garage. With 901 sqft of living space, the home presents a manageable footprint. The property’s assessed value is $270,000, closely aligned with its last sale price of $260,000 in late 2020.
The appeal lies in its established neighbourhood setting and the value derived from its larger-than-average lot and recent basement renovation. It ranks highly for lot size within its immediate area, offering potential for outdoor space or future expansion that many newer properties lack. The home would suit first-time buyers looking for a solid entry point into a mature community, or downsizers seeking a manageable home with a low-maintenance interior but the benefits of a substantial yard. It’s a practical choice for those who value character and location over sheer square footage, with the renovated basement adding valuable flexible space.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
The 4,148 sqft lot ranks in the top 30% for size within the Archwood neighbourhood, meaning it is significantly larger than many surrounding properties, which is a notable asset.
2. Has the property been updated recently?
The basement has been renovated, which is a key modern improvement. The main living areas retain the original character of the 1948 build.
3. What is the neighbourhood like?
Archwood is a mature, established neighbourhood in Winnipeg. The property ranks in the top 30% for desirability on its specific street, suggesting it's on a well-regarded block within the area.
4. How does the assessed value relate to the likely market price?
The $270,000 assessed value is a municipal valuation for tax purposes. It is closely aligned with the home's last sale price ($260,000 in 2020) and provides a benchmark, but market conditions will determine the final sale price.
5. Is the living space smaller than average?
At 901 sqft, the living area is compact and ranks below the Winnipeg average. This indicates an efficient layout suited for individuals, couples, or small families, with the renovated basement providing additional functional space.