542 Tremblay Street

Property Overview & Key Characteristics

This 1933-built, one-and-three-quarter storey home in Archwood offers a classic Winnipeg character combined with practical potential. Its key appeal lies in a solid foundation: a generous 3,699 sqft lot that ranks in the top half of the street, paired with a home that presents a straightforward, unrenovated canvas. The detached garage and full basement add functional value. The home’s assessed value ranks highly within its immediate area, suggesting it is viewed as a stable asset in the neighbourhood.

Its charm is for a specific buyer. It perfectly suits a first-time homeowner or practical investor comfortable with a property that needs updates, or someone seeking a character home on a larger-than-average lot without a premium price tag. The appeal is grounded in opportunity—the chance to shape the interior over time while benefiting from a desirable lot size and established location. A less obvious perspective is the value of the "unrenovated" state; it provides a clear starting point with no prior questionable renovations to undo, allowing for a truly customized modernization.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean for living space?
This style typically features a main floor and a second floor where the roofline slopes into the walls, creating cozy bedrooms with potentially reduced ceiling height at the edges. The 1,000 sqft living area reflects this efficient, classic design.

2. How does the lot size compare to others in Winnipeg?
At 3,699 sqft, this lot is notably larger than average, ranking in the top 22% across Winnipeg. This is a significant asset, offering more outdoor space than many newer properties.

3. The home sold in 2022; what might that indicate?
The sale two years ago at a price close to the current assessed value suggests a stable market value for the property. For a buyer, it indicates a recent market test and may provide insight into the neighbourhood's pricing trends.

4. What is the significance of the high ranking for assessed value on the street?
Ranking in the top 21% on its street for assessed value means the city assesses this property as more valuable than most of its direct neighbours. This often reflects its larger lot size and solid building structure, which are positive factors for municipal valuation and potential resale.

5. Are the comparable "Nearby Properties" and "Similar Assessed Value" listings relevant?
The "Nearby Properties" (all on Tremblay Street) confirm a consistent, established neighbourhood. The "Similar Assessed Value" listings across Winnipeg are less useful for direct comparison, as they include vastly different neighbourhoods; they primarily illustrate what price point this assessment aligns with city-wide.