582 Cusson Street

Property Overview: 582 Cusson Street, Winnipeg

Key Characteristics & Appeal

This 1.5-storey home in Archwood presents a practical opportunity with notable strengths in its lot and location. Its primary appeal lies in the generous 4,147 sqft lot, which ranks within the top quarter for size on Cusson Street, offering ample outdoor space for gardening, play, or future expansion in a mature neighbourhood. The home itself is compact at 888 sqft, but benefits from a renovated basement, adding functional living space. A detached garage provides flexible storage or workshop potential.

Built in 1948, the house is notably newer than many in its immediate area, ranking in the top 10% for age on its street. This suggests potentially fewer concerns with some older building systems. The property suits first-time buyers or downsizers looking for a manageable footprint without sacrificing yard size, or investors seeking a character home with a strong land component in a stable neighbourhood. Its value proposition is grounded in land ownership and location rather than extensive interior square footage.

Frequently Asked Questions

1. How does the lot size compare to others nearby?
The 4,147 sqft lot is a key feature, ranking in the top 25% for size on Cusson Street. It is significantly larger than the standard city lot, offering more private outdoor space than many neighbouring properties.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This would require clarification with the seller or a viewing to understand if it’s developed as a living area, utility space, or a combination.

3. The home seems smaller; is there room to grow?
With 888 sqft above grade, the living area is compact. However, the renovated basement adds functional space, and the large lot presents a clear opportunity for a future addition or expansion, subject to city bylaws and permits.

4. The assessed value seems low; what does that mean?
Manitoba’s assessed value is for tax purposes and is typically much lower than market value. It should not be used as a direct indicator of listing or sale price. The last recorded sale was in 2017 for $252,000.

5. How does the age of this home compare to the neighbourhood?
Built in 1948, this home is newer than over 90% of the houses on Cusson Street. In a neighbourhood with many homes built in the 1920s, this can be an advantage, potentially indicating updates to foundational elements over time.