Property Overview & Key Characteristics
567 Tremblay Street is a well-established one-and-a-half storey home in Winnipeg's Archwood neighbourhood, built in 1947. Its primary appeal lies in its generous, mature lot—at nearly 4,500 square feet, the property ranks in the top 8% for land size on its street—offering significant outdoor space and potential in a settled area. With 1,138 square feet of living space, the home itself is larger than most in the immediate area and neighbourhood. It features a basement, which is not renovated, and does not have a garage or pool.
The home suits buyers looking for a solid foundation in a quiet, established community, with the vision to update and personalize a property over time. It’s particularly appealing for those who value private outdoor space more than modern finishes, or for an owner-occupant who sees the value in a home that ranks highly for lot size and living area within its local context. The assessed value holds steady compared to recent neighbourhood sales, suggesting a stable entry point into the market.
Frequently Asked Questions
1. What is the significance of the provided "rankings"?
The rankings compare this property against others on its street, in Archwood, and across Winnipeg for metrics like lot size, year built, and assessed value. They show, for instance, that this home’s lot size is a standout feature locally, while the building itself is older than many in the wider city.
2. Has the property’s value been stable?
The assessed value of $290,000 appears consistent with the local market. Notably, the last recorded sale was in 2017 for $265,000, indicating a period of ownership without rapid turnover.
3. What should I know about the "unrenovated" basement?
This typically means the basement is in original or functional condition, lacking modern finishes. It presents both a project and an opportunity—costs for potential updates should be factored in, but it also allows the new owner to customize the space to their needs.
4. How does the lack of a garage affect the property?
This is common for homes of this era. The large lot may offer space to add a garage or shed in the future, subject to local bylaws. For now, buyers should plan for street parking and consider the associated costs or logistics, especially in winter.
5. The 2017 sale price seems low compared to the earlier 2017 sale. Is this a concern?
The data shows two sales in 2017: one in February for $170,000 and another in July for $265,000. This could indicate a quick flip, a significant change in condition, or an anomaly in the data. It’s a point to discuss with your real estate agent, who can seek clarification on the history.