Property Overview: 560 St Catherine Street, Winnipeg
Key Characteristics & Appeal
This 1926 one-storey home in Archwood sits on a generous 3,298 sqft lot, which is notably larger than most in Winnipeg. Its primary appeal lies in this established, spacious setting combined with a recently renovated basement, offering immediate modern utility within a classic structure. The detached garage adds practical storage or workshop space.
The home suits two main types of buyers. First, it's ideal for a first-time buyer or downsizer seeking a manageable 880 sqft living space with a move-in-ready basement and the low-maintenance profile of a bungalow. Second, it appeals to a long-term visionary who values the underlying asset: a large, mature lot in a stable neighbourhood. For them, the existing house provides a solid foundation, while the lot size presents future potential for expansion or landscaping projects that wouldn't be possible on a standard parcel. It’s a property that balances current convenience with future possibility, all anchored by a lot that ranks in the top 15% of the neighbourhood for size.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics should be verified, a listing noting a renovated basement typically indicates updated finishes such as drywall, flooring, and lighting. It often means the space is clean, functional, and ready for use as a recreation room, office, or additional living area.
2. How does the age of the home (1926) affect it?
A 100-year-old home comes with character and established infrastructure but requires diligent maintenance. Prospective buyers should prioritize a thorough inspection focusing on the foundation, original plumbing and electrical updates, and roof condition to understand any upcoming investments.
3. The living area is modest at 880 sqft. How does the property feel overall?
The home's footprint is efficient, but the perception of space is significantly enhanced by the large lot and the renovated basement. This layout effectively separates living zones, with the main floor for daily living and the basement for leisure or hobbies.
4. The assessed value is $27,100. Why is this different from the listing price?
The assessed value is set by the municipal government for taxation purposes and is typically a conservative figure based on mass appraisal methods. The listing price is determined by the current market, recent sales of comparable homes, and the property's specific features, and will almost always be higher.
5. What is the neighbourhood (Archwood) like?
Archwood is a mature, residential neighbourhood in Winnipeg. The high lot-size ranking for this property suggests a streetscape with varied, established homes and larger yards than newer subdivisions, offering privacy and a settled community feel.