Property Summary: 577 St Catherine Street, Archwood, Winnipeg
Section 1: Overview & Appeal
This well-situated Archwood home presents a compelling opportunity, particularly for its generous 3,299 sqft lot—a size that ranks in the top third for the street. Built in 1968, the house itself is a renovated 816 sqft bungalow featuring an updated basement and a detached garage. Its core appeal lies in the combination of a spacious, usable yard in a mature neighbourhood and a home that has seen functional improvements.
The property’s strong and consistent assessed value ($330k, ranking in the top 10% of the street) and recent sale history suggest a stable investment in a sought-after location. It would suit first-time buyers or downsizers looking for a manageable single-storey layout with room to garden or entertain outdoors. It also appeals to value-conscious buyers who prioritize land size and location over a large interior footprint, offering a chance to own a home in a neighbourhood where the lot itself is a significant asset.
A less obvious perspective is its relative modernity for the area; being built in 1968 makes it newer than over 90% of homes on its street, potentially meaning fewer concerns with antiquated building practices. The recent renovations to the basement also add immediate livable space without the need for a major project.
Section 2: Frequently Asked Questions
1. How does the lot size compare to others in Winnipeg?
The land area of 3,299 sqft is substantial, ranking in the top 17% of all residential properties in Winnipeg, which is a significant advantage for a city lot.
2. What does the assessed value ranking indicate?
With an assessed value ranking in the top 9% on its street and top 11% in Archwood, this suggests the property is consistently valued higher than most comparable nearby homes, reflecting its desirability or specific attributes as determined by municipal assessment.
3. Has the property value increased over recent sales?
Yes. The home sold for $266k in October 2019 and then for $271k in February 2024, demonstrating modest appreciation over a period that included significant market fluctuations.
4. Is the living space smaller than average?
At 816 sqft, the above-ground living area is below the Winnipeg average, ranking in the top 12% (meaning 88% of homes are larger). This highlights the property’s focus on efficient interior space paired with a larger-than-average yard.
5. What is the neighbourhood context of Archwood?
Archwood is a mature, established neighbourhood in Winnipeg. The high rankings for lot size and assessed value within this area indicate that this specific property is among the more premium offerings in the community, not just an average listing.