Property Overview: 580 Deniset Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Archwood is a classic Winnipeg property built in 1944. Its primary appeal lies in its established neighbourhood setting and its value as a solid, unrenovated canvas. With a living area of 792 sq. ft. and a 3,299 sq. ft. lot, the house sits on a parcel of land that ranks in the top half of the street for size. The home features a detached garage and a basement that is noted as being in original, unrenovated condition.
This property would suit a specific type of buyer: those looking for an entry point into a mature neighbourhood, or an investor or handy purchaser who sees value in a home’s underlying structure and land. Its appeal is not in move-in-ready finishes, but in its potential and location. A less obvious perspective is its strong ranking for lot size within Winnipeg (top 17%), suggesting the land itself holds significant value relative to the city overall. The sale history shows it last sold in mid-2020 for $220k, a price that ranked highly on its street at the time, indicating a desirable location within the immediate area.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
It typically means the basement is in its original, as-built state. Buyers should expect foundational finishes, likely an older furnace and hot water tank, and should budget for potential updates or moisture-proofing.
2. How does the lot size compare meaningfully?
While the home's footprint is modest, the lot is larger than average for both the street and, notably, for Winnipeg as a whole. This offers valuable outdoor space and future potential for additions or landscaping.
3. The assessed value seems low. Why?
Municipal assessed value for taxation purposes is often significantly lower than market value. The $25.8k assessment should not be used as a guide for the selling price; the 2020 sale at $220k is a more relevant market indicator.
4. Who would this home not be suitable for?
It is likely not suitable for buyers seeking a modern, turn-key property without renovation work. The smaller living area and unrenovated state require a vision for updates or an acceptance of vintage charm.
5. What is the neighbourhood like?
Archwood is a mature, established neighbourhood in Winnipeg. The property's rankings show it sits on a street and in an area with a mix of older homes, offering stability and character rather than new development.