Property Overview
This well-established home on a generous, nearly 4,000 sqft lot in Archwood presents a classic one-and-a-half storey layout with updated practicality. Its key appeal lies in the combination of a renovated basement, a detached garage, and a lot size that ranks in the top quarter for the street, offering space and potential in a mature neighbourhood. The home suits first-time buyers or downsizers looking for a manageable footprint with immediate move-in readiness, as well as value-oriented investors or renovators attracted by the solid lot size and the foundational work already completed on the basement. A thoughtful perspective is its relative modernity for the area—built in 1949, it is newer than many surrounding homes, which may suggest fewer concerns associated with very old construction. The assessed value ranks highly locally, indicating its standing relative to neighbours, though buyers will note the last sale was nearly a decade ago.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 74% in same street") actually mean?
This percentile ranking compares this specific property feature (like lot size or year built) against all listed properties on the same street, in the neighbourhood, or across Winnipeg. For example, "Top 74% for lot size on the same street" means its lot is larger than 74% of those on Tremblay Street, a significant advantage.
2. The assessed value is $32.10k; is that the market value or property tax value?
This is the value assigned by the municipal tax authority for property tax purposes, not the market sale price. It is a useful benchmark for comparing against neighbouring properties (where this home ranks highly) but should not be confused with current market value, which is typically much higher.
3. Has the property value increased since the last sale in 2017?
The home sold for $24.80k in 2017, and its assessed value for taxation is now $32.10k. This indicates an increase in its tax assessment over that period, which often correlates with market trends. However, a professional appraisal or comparative market analysis is needed to determine the precise current market value.
4. What are the implications of having a renovated basement?
A renovated basement typically adds functional living space, such as for a family room, office, or additional bedroom. It also suggests that foundational moisture-proofing and insulation may have been addressed, which is a common concern in older Winnipeg homes, providing immediate livability.
5. The living area is 1,274 sqft; is that typical for the area?
Yes, and it's notably spacious for this specific street and Archwood neighbourhood, ranking in the top 11% and 7% respectively. This means the home offers more interior space than most comparable properties immediately around it, which is a key differentiator.