Property Overview & Key Characteristics
This 2024-built bi-level home in Archwood offers modern living in a well-established Winnipeg neighbourhood. Its primary appeal lies in being a nearly new construction, sparing buyers from immediate major repairs or updates. The home features 1,101 sqft of living space, a renovated basement, and sits on a 3,420 sqft lot. Key data points highlight its relative advantages: it ranks in the top 18% of Winnipeg for lot size and is newer than 100% of comparable homes in both its neighbourhood and the wider city.
The property is well-suited for first-time buyers seeking a move-in-ready home without the risks of an older structure, or for downsizers looking for modern, low-maintenance living. Its above-average lot size for the area offers good outdoor space potential. A thoughtful perspective is its value as a "set-and-forget" property for investors or owners who prioritize predictable costs; the new systems and build should minimize surprise expenses for years. However, the assessed value is currently in the top 20% for the neighbourhood, suggesting a premium for its new condition.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing specifies the basement is renovated, but the scope and finish quality are not detailed. This would be a key point to clarify with the seller or agent to understand if it’s a finished living space, a utility area, or something in between.
2. How does the lack of a garage affect parking and storage?
The property has no garage. Buyers should investigate on-street parking permits, the actual availability of street parking, and consider the cost of adding a shed or alternative storage solutions for tools and seasonal items.
3. The home is newer than 100% of others in the area. What are the pros and cons of that?
The major pro is modern building standards, efficiency, and minimal immediate upkeep. A potential con is that the property might stand out in value compared to older homes on the street, which could influence future appraisals and the neighbourhood character.
4. The assessed value seems high for the neighbourhood. Why?
At $23.60k, it's in the top 20% for Archwood. This is almost certainly due to its new construction status (2024). Buyers should be aware that property taxes will likely reflect this higher assessed value compared to older homes nearby.
5. What is the significance of the lot size ranking?
With a lot size in the top 5% on its street and top 18% in Winnipeg, this property offers more outdoor space than many in the city. This is a notable advantage for gardening, recreation, or potential future additions, setting it apart from typical newer infill lots.