Property Summary: 593 Cote Street, Winnipeg
Section 1: Overview & Appeal
This well-situated one-storey home in Archwood presents a practical and value-oriented opportunity. Its key characteristic is a renovated basement, adding valuable finished living space to the 900 sqft main floor. The property stands out on its street with a larger-than-average lot (nearly 5,000 sqft) and ranks highly for lot size, year built, and assessed value within its immediate area. The detached garage offers flexible storage or workshop space.
The appeal lies in its established neighbourhood setting, where it represents a solid, above-average holding compared to nearby properties. It suits first-time buyers seeking a manageable, updated starter home, or investors looking for a property with strong fundamentals in a stable area. A thoughtful perspective is that while the living area is modest, the renovated basement and generous lot provide immediate room to grow and personalize without the premium price of a larger footprint. It’s a home that offers more potential than the main square footage might initially suggest.
Section 2: Frequently Asked Questions
Q: How does the property compare to others on the street?
A: It ranks in the top tier (top 10-13%) on Cote Street for lot size, year built, and assessed value, indicating it’s a above-average property in its immediate locale.
Q: What does the "renovated basement" include?
A: The listing confirms the basement is renovated but does not specify details. A viewing or inquiry with the listing agent is necessary to determine the finish quality, layout, and if it includes legal secondary suite potential.
Q: Is the price reasonable for the area?
A: The home last sold in 2019 for $30.7k and is now assessed at $35.4k, which is in the top 7% of assessed values for Archwood. This suggests the property is considered a higher-value asset in the neighbourhood, but the final list/sale price will reflect current market conditions.
Q: Who might this property not suit?
A: It may not suit buyers seeking a modern, open-concept layout or extensive main-floor living space, as the main living area is 900 sqft. Those needing multiple bedrooms or bathrooms primarily on one level should verify the layout.
Q: What is the neighbourhood like?
A: Archwood is a mature, established neighbourhood in Winnipeg. The high rankings for lot size and property value within the area suggest a well-kept, desirable street within the broader community.