Property Overview
505 Deniset Street is a modern, two-storey home built in 2016, offering a rare combination of new construction and above-average space in Winnipeg's Archwood neighbourhood. Its primary appeal lies in its standout metrics compared to local peers: it ranks in the top 2% of its street for living area (2,250 sq ft) and sits on a lot larger than 80% of its neighbours. As a home less than a decade old, it requires minimal immediate upkeep, a significant advantage in an area with many older properties.
This home is ideally suited for buyers seeking a move-in ready, spacious family home without venturing into newer suburban developments. It offers the established community feel of Archwood with the modern floor plans and systems of a recent build. The data suggests it’s a high-performing property within its context, likely appealing to value-conscious buyers who appreciate a home that stands out in its category for size and newness without carrying a premium price tag for a fully custom build.
Frequently Asked Questions
1. What does the "rank" data actually mean for a potential buyer?
The percentile rankings show how this property compares to others on its street, in Archwood, and across Winnipeg. For example, ranking in the top 2% for living area on its street means it is larger than 98% of nearby homes. This quantifies its relative advantages in space, modernity, and value.
2. The assessed value seems low compared to the last sale price. Why is that?
Municipal assessed value for tax purposes is not intended to reflect current market value. The 2016 sale price of $490k is a historical market data point. The assessment is typically lower and should not be used alone to determine an offer price; a current market evaluation is essential.
3. There's no garage listed. Is there alternative parking?
The listing specifies "Garage: None." Buyers should inquire about the driveway situation (e.g., paved, size) and any potential for adding a garage in the future, subject to local bylaws.
4. The home is newer, but what about the neighbourhood's overall character?
Archwood features a mix of eras, from mid-century to new builds like this one. While 505 Deniset is among the newest, the area has mature trees and an established feel. The nearby property references show a range of styles and ages, indicating a diverse, evolving streetscape.
5. How significant is it that this home has no basement?
This is a key feature to clarify. Some buyers may see this as a downside for storage or utility space. For others, it eliminates concerns about basement moisture, flooding, or renovation costs, which can be common in older Winnipeg homes. Understanding the home's layout and storage solutions will be important.