Property Summary: 511 Deniset Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, century-old character home in the established Archwood neighbourhood. Its primary appeal lies in its generous 3,301 sqft lot, which ranks within the top 20% on its street, offering significant outdoor space in a city context. The home itself is a one-and-a-half storey design with 946 sqft of living space and a detached garage. While the basement exists, it is noted as not being renovated, presenting either a project or functional storage space.
The property’s value is underscored by its strong positional rankings: it sits in the top 35% of its neighbourhood and the top 17% city-wide for lot size. Its assessed value of $260k is competitive, aligning with the neighbourhood median. A thoughtful perspective for buyers is the home’s age—built in 1926—which, while requiring due diligence, often comes with sturdy construction and mature landscaping not found in newer developments. This property would suit a first-time buyer or practical downsizer looking for a manageable footprint on a desirable lot, who is comfortable with a home that has authentic character and potential for gradual updates. It is less suited for those seeking immediate, modern turn-key finishes or maximum interior square footage.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement retains its original or older state, with potential for cosmetic updates, moisture management, or structural improvements. It should be inspected to understand its current condition and possibilities.
2. How significant is the lot size ranking?
Ranking in the top 20% on the street for lot size is a notable advantage. It suggests more privacy, yard space, and potential for gardening, play, or expansion compared to many immediate neighbours, which is a lasting value factor.
3. Is the assessed value a reliable indicator of the sale price?
The assessed value ($260k) is for municipal tax purposes and provides a benchmark. The last recorded sale was in 2016 for $26.30k (likely a data anomaly or transfer). The current market price will be influenced by recent comparable sales, condition, and demand.
4. What are the pros and cons of a detached garage?
Pros include reduced noise and fire risk from the house, and flexible use. The main con is convenience, requiring you to go outside in all weather conditions, which can be a factor in Winnipeg winters.
5. The home is 100 years old. What should I prioritize in an inspection?
Beyond standard checks, focus on the foundation integrity, roof age and condition, plumbing and electrical systems (which may have been updated over time), and energy efficiency of windows and insulation, as these are common areas for older homes that impact livability and cost.