Property Overview: 565 Cusson Street, Winnipeg
Key Characteristics & Appeal
This 1948 one-and-a-half storey home in Archwood presents a practical opportunity. Its key features include a renovated basement, a detached garage, and a notably generous 4,148 sqft lot, placing it in the top third of the neighbourhood for land size. With 888 sqft of living space, the house itself is compact, suggesting a focus on efficient living with potential for outdoor enjoyment or future expansion. The property’s assessed value has shown steady growth, increasing from $25k in 2016 to $29.5k currently.
The appeal lies in its balance of a well-established, mature neighbourhood and a manageable footprint. It suits first-time buyers looking for a solid entry point with a renovated basement for added flexibility, or downsizers seeking a low-maintenance home with a spacious yard for gardening or relaxation. A thoughtful perspective is the home’s "blank slate" potential on a larger-than-average lot; while the living area is modest, the generous parcel offers tangible future options that many similarly priced properties in newer areas may not.
Frequently Asked Questions
1. How does the lot size compare to nearby homes?
The 4,148 sqft lot is significantly larger than many in the area, ranking in the top 30% for the neighbourhood. This is a standout feature compared to the directly referenced nearby properties.
2. What does the trend in assessed value indicate?
The assessed value has risen consistently from $25,000 in 2016 to $29,500, reflecting stable market appreciation for the property and area over the last several years.
3. Is the living space typical for the area?
At 888 sqft, it is slightly below the median for the immediate street but is a fairly common size for homes of this era in Winnipeg. It indicates a more efficient, cozy layout rather than a sprawling one.
4. What is the significance of the "one-and-a-half storey" design?
This classic Winnipeg style often features a main floor with primary living spaces and a second floor under sloped ceilings, typically housing bedrooms. It maximizes space on a smaller footprint and adds character.
5. How does the age of the home factor in?
Built in 1948, the home is older than many on its street (ranking in the top 10% for newness on Cusson Street). This suggests it may have undergone updates over time, like the noted basement renovation, and could benefit from a thorough inspection of its original systems.