Property Overview
This 1955-built, one-storey home in Archwood sits on a generous 3,298 sqft lot, offering a classic Winnipeg bungalow layout with 784 sqft of living space. Its key appeal lies in the combination of a renovated basement and a large, detached garage on a sizable lot—a increasingly rare find in established neighbourhoods. The home suits first-time buyers looking for a solid starter with expansion potential, or downsizers seeking a manageable single-level floorplan without compromising on yard or storage space. A thoughtful perspective is its ranking for lot size: while the home itself is modest, the property land area is in the top 15% for the neighbourhood, suggesting future potential for additions or landscaping that wouldn't be possible on a standard lot.
Key Details & FAQs
Key Characteristics & Appeal
- Property Type: One-storey bungalow with a renovated basement and a detached garage.
- Land: A standout 3,298 sqft lot, placing it in the top 15% for lot size in Archwood.
- Structure: A 784 sqft home built in 1955, offering classic layout potential.
- Primary Appeal: The value proposition centers on "space and potential"—more land and a detached garage than typical for the area, paired with a move-in-ready basement. It’s a practical property where the value is as much in what you could do (expand, garden, workshop) as in the existing footprint.
- Ideal Buyer: Well-suited for first-time buyers or practical downsizers. The former may value the basement income suite potential (subject to permits) and yard space, while the latter will appreciate the single-level living combined with ample storage in the garage and a manageable, yet private, outdoor area.
Frequently Asked Questions
1. How does the age of the home affect its condition?
Built in 1955, the home is older than 89% of properties in Archwood. While the basement has been renovated, prospective buyers should prioritize inspections for foundational integrity, roof condition, and updates to major aging systems like plumbing and electrical.
2. The assessed value seems low. What does that indicate?
The assessed value of $28,700 is for municipal tax purposes only and is not a market valuation. It reflects a historical value system in Winnipeg. The last recorded sale was in 2016 for $23,500. The market price will be determined by current conditions, the renovated basement, and the desirable lot size.
3. Is the lot size a significant advantage?
Yes. The lot is notably larger than most in the area (top 15% in the neighbourhood). This provides more privacy, outdoor space, and potential for additions, decks, or gardens than many similarly priced properties in mature neighbourhoods.
4. What is the neighbourhood like?
Archwood is a stable, established neighbourhood in Winnipeg. The rankings show the property sits in a mixed area of older and newer homes, suggesting a streetscape with varied character. Its high land rank indicates it's on a street with generally larger properties.
5. Why is the living area ranked so differently from the land area?
The living space (784 sqft) is compact and ranks in the lower half for the neighbourhood, while the land ranks very high. This highlights the property's profile: a modest-sized home on a much larger-than-average lot. It’s ideal for those who prioritize outdoor space or future expansion over a large existing interior.