Property Summary: 519 Tremblay Street, Archwood, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Archwood presents a practical opportunity, particularly for specific buyer profiles. Its key characteristic is a generous 3,299 sqft lot, which places it in the top quarter of properties on its street and neighbourhood for land area. This offers significant outdoor space and potential in a mature community. The home itself is compact at 572 sqft of living area, with a renovated basement adding functional space. A detached garage and the home's 1941 vintage round out the core details.
The primary appeal lies in the value of the land and location relative to the price point. With a modest assessed value, it represents an entry point into a stable neighbourhood with larger-than-average lot sizes. It suits buyers looking for a land-play—those willing to live in a smaller, older footprint with an eye toward future expansion or redevelopment. It could also appeal to minimalist buyers or investors seeking a manageable rental property with a low tax burden. A less obvious perspective is its appeal to those who prioritize outdoor living and gardening space over interior square footage, as the lot size is a standout feature in the local market.
Section 2: Frequently Asked Questions
1. Is the small living area a concern?
At 572 sqft, the main floor living space is notably compact. However, the presence of a renovated basement significantly increases the usable living area, making the overall footprint more functional.
2. What does the lot size ranking actually mean?
The rankings show this property’s 3,299 sqft lot is larger than 76% of lots on its street and 73% in Archwood. In practical terms, you are getting more outdoor space than most direct neighbours, which is a key asset.
3. How does the assessed value compare to recent sales?
The current assessed value is $23,800. The home last sold in July 2019 for $21,100, indicating a stable value history in line with area trends.
4. What is the neighbourhood like?
Archwood is a mature, established neighbourhood in Winnipeg. The property rankings indicate it is a typical home for the area in terms of age and value, but it sits on a larger-than-typical lot.
5. Who would this property not suit?
This home would likely not suit buyers seeking move-in-ready, modern finishes or spacious open-concept interiors. Its appeal is geared toward those who see potential in the land or are comfortable with a cozy, older character home.