Property Summary: 574 Deniset Street, Winnipeg
Section 1: Overview & Appeal
This one-storey home in Archwood is a classic Winnipeg character property, built in 1925. Its key characteristics include a 675 sqft living area, a full (but unrenovated) basement, and a detached garage, all situated on a generous 3,299 sqft lot.
The primary appeal lies in its solid fundamentals and location. The lot size is well above average for the street and city, offering valuable outdoor space and future potential. While the home itself is modest in size, its assessed value and recent sold price are positioned favorably within the broader market, suggesting it is a grounded entry point into the neighbourhood. It would suit a first-time buyer, an investor, or a downsizer looking for a lower-maintenance footprint without sacrificing yard space. The appeal is practical: it’s for a buyer who values a established, quiet street in a mature neighbourhood over brand-new finishes, and who sees the unrenovated basement and larger lot as a canvas for future projects rather than a drawback.
Section 2: Frequently Asked Questions
1. How does the living area compare to nearby homes?
At 675 sqft, the living space is compact. For reference, a similar-aged home just down the street at 555 Cusson Street is listed at 1,056 sqft. This indicates 574 Deniset is likely a bungalow with a focus on its main floor, making efficient use of space.
2. What do the ranking percentages (e.g., "Top 27% in neighbourhood") actually mean?
These rankings compare this property's specific metric (like lot size or year built) against all other homes in that geographic area. For example, its lot size is in the top 27% for Archwood, meaning it's larger than 73% of lots in the neighbourhood—a significant advantage.
3. The home sold for more than its assessed value in early 2024. Is that typical?
It's not uncommon, especially in active markets. The sold price of $28.5k was approximately 17% above the $24.4k assessed value, which is used for calculating property taxes. This suggests the market at the time of sale recognized value beyond the municipal assessment.
4. Who might this property not be suitable for?
It may not suit a buyer needing significant move-in-ready indoor space or multiple bedrooms, given the smaller main floor area and an unrenovated basement. It's also less suited for those seeking modern, open-concept layouts typically found in newer builds.
5. What is the practical advantage of having a "Top 48%" lot size on the street?
Ranking in the better half for lot size on Deniset Street means more private outdoor space, better potential for gardening, parking, or additions, and possibly more distance from neighbours compared to homes on smaller lots. In mature neighbourhoods, larger lots are a finite resource.