Property Overview & Key Characteristics
533 Cherrier Street is a classic two-storey home built in 1912, offering a blend of historic charm and practical updates. Its key appeal lies in its solid, proportional standing within the established Dufresne neighborhood. With 1,206 sqft of living space and a renovated basement, the home provides functional living areas on a 3,423 sqft lot with a detached garage. The data suggests it is not an outlier but a well-situated property within its immediate context: its size, assessed value, and lot are all around the average for Cherrier Street and the wider Dufresne area. This indicates a stable, predictable setting without extreme premiums or compromises.
The home would suit a first-time buyer or a practical downsizer looking for character without the excessive maintenance of a much older home, and who values a sense of community consistency over a sprawling lot. Its citywide rankings—where it sits well below averages for lot size and year built—highlight that its true value is hyper-local. You’re buying into a specific streetscape and community vibe, not competing with newer suburban builds. The 2023 sale suggests a recently active market, providing a relevant price benchmark.
Frequently Asked Questions
1. Is the renovated basement a legal suite?
The listing notes a renovated basement but does not specify it as a legal secondary suite. Buyers should verify its permitted uses with the city.
2. How does the assessed value relate to market price?
The assessed value is for municipal tax purposes. The sale price from September 2023 ($28.80k) is a more current indicator of market value, though conditions may have changed.
3. What does the "around average" ranking for the street mean?
It means this home’s key metrics (size, value, lot) are typical for Cherrier Street. This can be positive, indicating it fits the neighborhood norm without overpaying for premium features or inheriting unusual drawbacks.
4. Are older homes like this a concern?
Built in 1912, the home will have the character and potential quirks of its era. While the basement has been renovated, a thorough inspection of the foundation, wiring, and plumbing is essential to understand any needed updates.
5. What are the implications of a detached garage?
A detached garage offers flexibility and can reduce noise from vehicles. However, it requires going outdoors to access, which is a consideration during Winnipeg winters.