Property Overview & Key Characteristics
This 1994 bi-level home at 601 Cote Street in Winnipeg's Archwood neighbourhood presents a practical, low-maintenance living option. Its key appeal lies in its modern-for-the-area age, a renovated basement, and a land size that is well above average for its street. With 1,012 sqft of living space and no garage, it suits first-time buyers, downsizers, or investors seeking a straightforward property in a stable, established community. The home's assessed value of $310k aligns with the upper tier of the immediate area, suggesting it is a solid, mid-range offering rather than a fixer-upper.
The data reveals some thoughtful perspectives: while the house itself is in the newer third of homes in Winnipeg, its living area is modest compared to the city overall. This indicates value is likely driven more by the desirable lot size and updated features than sheer square footage. It would suit a buyer who prioritizes a newer building envelope and a bit more outdoor space over a large interior, and who is comfortable with street parking.
Frequently Asked Questions
1. How does the property's age compare to others nearby?
Built in 1994, this home is significantly newer than many in Archwood, ranking in the top 10% for year built on its own street. This often means fewer immediate concerns with major aging components like roofing or foundation.
2. What does the "renovated basement" likely include?
While specifics aren't listed, a noted renovation in a bi-level typically means the lower level has been finished or updated to create livable space, such as a family room, additional bedroom, or modern laundry area, adding functional square footage.
3. Is the lack of a garage a major drawback?
This depends on buyer needs. The property ranks in the top 5% for lot size on its street, so there may be potential for adding a garage or shed in the future, subject to permits. For many in urban neighbourhoods, street parking is a common and accepted trade-off for a larger yard.
4. How does the assessed value relate to the last sale price?
The home last sold in August 2019 for $294k and is now assessed at $310k. This indicates a reasonable increase in line with market trends over that period and suggests the current asking price is likely grounded in recent municipal valuation.
5. Who might this property not suit?
It may not be ideal for those requiring substantial indoor living space, multiple dedicated parking spots, or a brand-new, custom-built home. Buyers looking for a large interior or a premium, detached garage should consider their priorities carefully.