Property Overview: 556 Cherrier Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 2018, stands out for its modern foundation in a mature neighbourhood. Its primary appeal lies in its significant size and contemporary age relative to its immediate surroundings. With over 2,300 square feet of living space, it ranks in the top 3% of homes on its street and in the Dufresne area, where the average comparable home is roughly half its size and decades older. This presents a unique value proposition: a like-new, spacious interior without the typical premium of a brand-new subdivision lot.
The property suits buyers seeking modern comforts and ample room, but who also appreciate established communities. It’s ideal for those who want to avoid the immediate maintenance or renovation projects often required with older homes. The detached garage and generous near-4,700 sqft lot offer practical space for vehicles, storage, and outdoor living. A thoughtful perspective for potential buyers is to consider the balance between the modern home and the character of the neighbourhood—it offers turn-key ease within a settled community, but the architectural style and lot size may differ from the area's older, sometimes more compact, streetscape.
Frequently Asked Questions
1. Why is the assessed value notably lower than the city-wide average for comparable homes?
The assessed value reflects its standing relative to older, smaller homes in the immediate Dufresne area and on Cherrier Street, where it is ranked elite. The city-wide average for "comparable homes" includes properties from many newer, higher-value subdivisions, which skews that average upward.
2. What does "basement yes, not renovated" mean?
This indicates the home has a basement, but it is unfinished. This provides valuable additional space for storage or utilities, and offers future potential for customization, but it is not a developed living area.
3. How does the 2018 build year impact potential costs?
As a relatively new home, major structural components like the roof, furnace, and windows are likely still under or just approaching their warranty periods, potentially reducing near-term capital repair budgets. It should also meet modern building codes for energy efficiency and safety.
4. Is the lot size typical?
At just under 4,700 sqft, the lot is above average for both Cherrier Street and Dufresne, providing good outdoor space. It is, however, smaller than the much larger average lot city-wide, which includes many suburban properties.
5. What is indicated by the sale history showing a sale in 2019?
The home was sold in February 2019, shortly after its construction. This suggests the current sale would be its first resale, meaning it has had only one owner-occupant since being built.