Property Summary: 533 St Catherine Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, century-old one-storey home in the established Archwood neighbourhood. Its primary appeal lies in its balance of a generous, mature lot and a recently renovated basement, offering potential for additional living or utility space. With a living area of 704 sq ft, the house itself is compact, suggesting a efficient layout suitable for a smaller household.
The property stands out for its land size—the lot is over 3,200 sq ft, ranking in the top 15% of the neighbourhood, which is a significant asset for gardening, outdoor living, or future expansion. While the home is 100 years old, its assessed value ranks solidly above average for both the street and the wider city, indicating a perceived stability. It would likely suit first-time buyers, downsizers, or investors looking for a character home with a low-maintenance footprint on a desirable lot. A thoughtful perspective is that this property represents a "land play" with a liveable house; its long-term value may be more tied to its parcel size and location in a mature area than to its current interior square footage.
Frequently Asked Questions
1. How does the age of the home affect maintenance?
Built in 1926, buyers should budget for and expect maintenance consistent with a century-old property, such as potential updates to original plumbing or electrical systems. A pre-purchase inspection is highly recommended.
2. What does the renovated basement include?
The listing notes the basement is renovated but does not specify the finish or permitted uses. It is essential to clarify whether it is a finished living space, a utility area, or contains separate entrance potential.
3. Is the detached garage included?
Yes, the property includes a detached garage. Details on its size, condition, and utility (e.g., standard vehicle storage, workshop) should be verified.
4. How does the sold price from 2021 relate to today's value?
The home sold for $27,500 in August 2021. This historical data is a reference point, but current market conditions, recent renovations, and comparable sales will determine its present market value.
5. The living area is modest, but the lot is large. What are the possibilities?
The significant lot size (3,298 sq ft) is a key feature. While subject to local zoning bylaws, it could allow for a substantial garden, outdoor recreation space, or, in the future, potential expansions like an addition or a laneway suite, where permitted.