Property Overview
This renovated bi-level home at 564 Deniset Street presents a practical opportunity in Winnipeg's Archwood neighbourhood. Its key appeal lies in a combination of updated living space, a generous lot size, and a location that ranks well for both value and relative newness within its immediate area. Built in 1985, the home is notably newer than many in the surrounding community. The 760 sqft living area is compact, but the fully renovated basement adds significant functional space. With a detached garage and a lot over 3,200 sqft, it offers room for vehicles, storage, and outdoor activity.
The property would suit first-time buyers or downsizers looking for a manageable, updated home without a premium price tag. Its strong rankings for lot size and building age within Archwood suggest it's a solid, above-average offering for the neighbourhood. A buyer who values a renovated interior over sheer square footage, and who appreciates having a larger, private yard than is typical for the area, will find the most value here.
Frequently Asked Questions
How does the "renovated basement" factor into the living space?
The listed living area of 760 sqft refers to the above-ground portion. The renovated basement provides additional finished rooms, effectively doubling the usable living space, which is a significant advantage not fully captured in the main square footage figure.
The home is newer than most in Archwood. What does that mean for me?
A 1985 build date places this home in the top 5% for age within the neighbourhood. This typically suggests potentially lower immediate maintenance costs and more modern construction standards compared to the area's many older, wartime-era homes.
The lot is ranked highly for size. What are the practical benefits?
With 3,299 sqft, the lot is larger than 73% of those in Archwood. This provides more private outdoor space, greater distance from neighbours, and ample room for gardening, play, or future additions like a shed or deck.
How should I interpret the assessed value in this context?
The assessed value of $320k is higher than 85% of homes in Archwood, indicating the city views this as a higher-value property in the area. This is likely due to the renovations, newer age, and lot size. It's a useful benchmark for property taxes, but market value can differ.
Is the compact main floor a concern?
The 760 sqft main living area is efficient. It will suit those comfortable with a cozy layout or who plan to utilize the renovated basement as a primary living area. For reference, a nearby home from 1925 has nearly 300 more sqft above ground, highlighting a trade-off between modern updates and original square footage.