Property Overview: 559 Cusson Street, Winnipeg
Key Characteristics & Appeal
This well-situated one-and-a-half storey home in Archwood presents a solid opportunity on a generous 4,769 sqft lot. Built in 1948, its key feature is a renovated basement, adding valuable modernized space to the 924 sqft main living area. The property’s appeal lies in its established neighbourhood setting and strong positional rankings: it sits in the top quarter of its street for lot size and the top 15% of Archwood for overall desirability, suggesting a premium location within the area. With no garage, it suits buyers comfortable with street parking or those considering adding a future structure.
This home would best suit a first-time buyer, a downsizer, or an investor looking for a character home with a move-in-ready lower level. Its assessed value stability and sales history indicate a predictable, grounded investment in a mature community. A thoughtful perspective is the value of the lot itself; its size is well above average for the street and neighbourhood, offering future potential for expansion or landscaping that smaller lots cannot accommodate. The data suggests you’re buying a home in a consistently well-regarded pocket of Archwood, not just a standalone house.
Frequently Asked Questions
1. How does the property compare to others on the street?
It ranks highly for lot size (top 16%) and is one of the newer homes on the street (top 9%), but its living area is more modest (top 22%). This indicates a premium, newer lot with a compact home footprint.
2. What does the sales history tell us?
The home sold for nearly identical prices in 2016 and 2017, and its current assessed value is slightly higher. This suggests a stable, non-volatile market history for the property over the last decade.
3. Is the renovated basement a full suite?
The details confirm a renovated basement but do not specify if it is a legal suite. This is a key point for verification, as it impacts rental potential and insurance.
4. How does the neighbourhood (Archwood) compare to nearby areas like Norwood East?
The provided comparable listings show Archwood values are generally in a similar range to many Norwood East properties. 559 Cusson’s assessed value is higher than several similar-sized homes in Norwood East, reinforcing its strong standing within its own desirable neighbourhood.
5. What are the implications of having no garage?
This is a trade-off for the large lot. It means lower maintenance and costs upfront but requires reliance on street parking. The lot size, however, may provide the option to add a garage or sheltered parking in the future, subject to local bylaws.