Property Overview: 622 Guilbault Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Archwood is defined by its generous, mature lot and its position as a solid value proposition in its area. Its key appeal lies in the combination of a large, 4,458 sqft property—ranking in the top 20% of the street and neighbourhood for lot size—with a recently renovated basement, offering immediate functional space. The home itself is compact (663 sqft), suggesting a focus on efficient living or significant redevelopment potential.
Its strongest suit is for practical buyers: first-time homeowners, downsizers, or investors seeking a property where the value is anchored in the land and location rather than the existing structure. The 2017 sale price provides a relevant benchmark, and the current assessed value positions it as an accessible entry point into the neighbourhood. A less obvious perspective is its potential for those with a longer-term vision; the significant lot size in a well-ranked area could be a strategic asset for future expansion or redevelopment, making it suitable for a buyer comfortable with a project now or later.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, layout, and legal compliance should be verified through a viewing and inspection. It adds valuable functional space to the main floor living area.
2. How does the lot size compare practically?
At nearly 4,500 sqft, the lot is substantially larger than many in Winnipeg (top 33% city-wide). This offers more private outdoor space, gardening potential, and a greater sense of openness than typical infill lots.
3. The home is noted as small (663 sqft). How liveable is it?
The living area is compact, ranking in the top 3% for small size on its street. It likely suits a minimalist lifestyle, a single occupant, or a couple. The renovated basement is a key factor in making the overall property more functional.
4. The home was built in 1927. What should I consider?
While the basement is renovated, the core structure is nearly 100 years old. A thorough inspection is essential to understand the condition of the foundation, original plumbing, electrical systems, and the scope of any needed updates to the main floor.
5. How does the 2017 sale price relate to today's value?
The property sold for $200k in 2017. This figure is a useful historical marker, but current market conditions, changes to the property, and the assessed value of $24.5k (for tax purposes) are all separate metrics that must be considered to form a current market valuation.