Property Overview & Key Characteristics
This 1955-built, one-storey home in Archwood presents a compelling opportunity centered on its generous lot and established neighbourhood. Its primary appeal lies in the combination of a large, 4,668 sqft property—ranking in the top 16% of the area—with a recently renovated basement, offering clear potential for expansion or outdoor living. While the 884 sqft living space is modest, the detached garage and above-average lot size provide flexibility. The home’s assessed value sits comfortably in the top tiers for its street and neighbourhood, suggesting a solid foundation for the price.
It’s a property that suits practical buyers looking for a foothold in a mature area without a premium for square footage. It would appeal to those who value outdoor space over interior size, or to investors/renovators who see the renovated basement and large lot as key assets for adding value. A less obvious angle is its relative newness compared to nearby homes; built in 1955, it is newer than 94% of houses on its street, which can mean fewer concerns with antiquated systems found in much older builds.
Frequently Asked Questions
1. How does the lot size compare to typical properties in Winnipeg?
At 4,668 sqft, the lot is significantly larger than average for Winnipeg, ranking in the top 37% city-wide. This is one of the home's standout features.
2. The living area seems smaller. Is there room to expand?
The combination of a large lot and an already-renovated basement provides two clear pathways for expansion, subject to local zoning and permits. The lot offers ample backyard space for an addition.
3. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would be a key point for your viewing and inspection to determine its condition and suitability.
4. How does the assessed value relate to the likely selling price?
The assessed value of $31,900 is a municipal valuation for tax purposes and is typically far below market value. It is useful for comparing against similar properties, as shown in the listing, but does not predict sale price.
5. Is the neighbourhood predominantly older homes?
Yes, Archwood features many older homes, but this particular property is newer than most on its block. Its 1955 build date makes it newer than 94% of homes on Guilbault Street, which may be an advantage.