Property Overview
This 1959 one-storey home in Archwood presents a practical and value-conscious opportunity. Its key appeal lies in a well-proportioned, larger-than-average lot (3,800 sqft) paired with a recently renovated basement, offering immediate livability and room to grow. The detached garage adds functional storage or workshop space. While the living area (944 sqft) is compact, its efficient layout is complemented by the finished lower level.
The property suits first-time buyers seeking a solid entry point into a stable neighbourhood, or downsizers looking for a manageable single-level home with outdoor space. Its strong rankings for lot size and newer build year relative to its immediate street and area suggest it's a standout in its local context, offering more space and a slightly newer build than many nearby options. A thoughtful perspective is that the significant difference between the 2019 sale price and the current assessed value may indicate room for equity growth, or simply reflect a stable market valuation post-purchase.
Frequently Asked Questions
1. What does the "renovated basement" include?
The listing confirms the basement is renovated, but specifics on finish quality, layout, and whether it includes a legal suite or additional bedrooms should be verified with the selling agent.
2. How does the lot size compare to others?
At 3,800 sqft, the lot is in the top 42% for the neighbourhood, meaning it's notably larger than many properties in Archwood, a key advantage for privacy, gardening, or future expansion.
3. The home sold in 2019. What does that history suggest?
The home sold for $224,500 in early 2019. Its current assessed value is $299,000. This change reflects broader market trends and specific improvements (like the basement renovation) made in that time.
4. Who would this home not be ideal for?
It may not suit those requiring extensive main-floor square footage or multiple bedrooms on one level, given the 944 sqft footprint. The layout likely requires efficient use of the basement for living space.
5. What do the "rank" percentages actually mean?
They show how this property compares to others in the same category. For example, "Top 23% in Winnipeg" for living area means 77% of Winnipeg homes have a smaller living area, highlighting its efficient use of space city-wide.