Property Overview & Key Characteristics
This one-and-a-half storey home on a spacious 4,145 sqft lot in Archwood presents a practical opportunity. Built in 1948, its key features include a renovated basement and a detached garage. With 918 sqft of living space, it offers a compact and manageable footprint.
The appeal lies in its solid fundamentals: a lot size that ranks in the top 12% on its street, a recently updated basement adding functional space, and an assessed value that has remained stable. The home sits in a mature neighbourhood with a clear, established character. It would suit first-time buyers seeking an entry point into homeownership without a massive renovation project, or investors looking for a straightforward rental property with a good lot size. It’s a home for those who value outdoor space and potential over immediate luxury or size.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation in a home of this era typically means updated finishes, improved moisture control, and the creation of a livable rec room or utility space. It’s a significant plus, adding functional square footage.
2. How does the lot size compare to others?
The lot is a standout feature. At over 4,000 sqft, it is larger than 88% of lots on the same street and larger than the majority in Winnipeg, offering valuable outdoor space and potential.
3. Is the assessed value a reliable indicator of the selling price?
The assessed value ($30,200) is for municipal tax purposes and is typically below market value. The home last sold in late 2021 for $33,100, which is a more relevant, though not current, benchmark.
4. What is the neighbourhood like?
Archwood is a mature, established neighbourhood in Winnipeg. The property rankings show it is neither at the very top nor bottom of the area, suggesting it’s a typical, stable part of the community.
5. How does this home compare to others nearby?
The provided comparisons show a mix of slightly larger and smaller homes in Archwood and adjacent areas, with a range of assessed values. This home sits in the middle of that pack, offering a balance of lot size and house size for the value.