Property Overview & Key Characteristics
This 1926 one-and-three-quarter storey home in Archwood sits on a generous 3,298 sqft lot, offering a classic Winnipeg footprint with room to breathe. Its primary appeal lies in a combination of established neighbourhood character, above-average land size for the street, and a recent sale indicating stable market interest. The house itself, with 1,040 sqft of living space, presents as a functional canvas—it has an unrenovated basement and a detached garage, suggesting value may be found in its potential rather than in immediate move-in finish.
The property would suit a pragmatic buyer who values lot size and location over a modernized interior. This could be a first-time buyer looking for an entry point into a well-ranked neighbourhood, or an investor/renovator who sees the unrenovated spaces and good lot dimensions as an opportunity to add value. Its consistent assessment and sale history suggest a reliable, no-surprises property in a mature area.
Frequently Asked Questions
1. How does the lot size compare to others nearby?
At 3,298 sqft, the lot ranks in the top 15% for size within the broader Archwood neighbourhood, meaning it's notably larger than many surrounding properties. This is a key asset.
2. What does the "one-and-three-quarter storey" design mean?
This classic Winnipeg style typically features a main floor and a second floor with sloped ceilings where the roofline begins, often creating cozy bedrooms with unique character, but sometimes with less full-height space than a pure two-storey.
3. The basement is noted as "not renovated." What should I expect?
This indicates the basement is in original or utilitarian condition, likely with concrete walls and floors. It offers functional space for storage or mechanicals, but any finished living area would require investment and proper permits.
4. The home sold recently in March 2024. Why is it back on the market?
While the listing doesn't specify a reason, a quick resale can sometimes indicate an investor's flip, a change in the buyer's circumstances, or a property purchased for its land value. A title search and disclosure from the seller would provide clarity.
5. How stable has the property's value been?
The assessed value has remained consistent, and the sale price increased modestly from $225,000 in 2017 to $251,000 in 2024. This suggests steady, incremental growth in line with or slightly above average for the area over that period.