Property Summary: 584 Deniset Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Archwood is a modern property, built in 2017, offering a move-in-ready foundation with room for personalization. Its key appeal lies in its combination of newer construction and above-average space. With 1,899 sqft of living area, it ranks in the top tier for size both on its street and within the broader neighbourhood. The property sits on a standard city lot and features a detached garage.
The home’s standout characteristic is its relative newness in a mature area. Being only nine years old, it is newer than 98% of homes on its street, suggesting fewer immediate major repair concerns compared to older stock. It has an unrenovated basement, presenting a clean canvas for future expansion. The assessed value has risen steadily since its last sale in 2016, indicating solid market recognition.
This property would suit first-time buyers or young families seeking a modern layout and more square footage without venturing into new suburban developments. It’s also a practical fit for buyers who prefer a home that’s structurally sound but are looking to add value through basement development or cosmetic updates over time.
Frequently Asked Questions
1. What does the "unrenovated basement" actually mean?
It indicates the basement is finished to a basic, functional level (likely with drywall, flooring, and electrical) but has not been upgraded with higher-end finishes or custom layouts. It’s a liveable space awaiting your personal touch.
2. How significant are the high ranking percentages provided?
They are a relative measure, not an absolute grade. Ranking in the top 4% for living area on the street highlights this home is notably larger than most nearby, which is a key advantage for resale and livability in an established neighbourhood.
3. The assessed value is $50.90k—is that the market price?
No. Municipal assessed values in Manitoba are typically significantly lower than market value and are used for property tax calculation. The market price would be determined by recent comparable sales and current market conditions.
4. What are the potential trade-offs of a newer home in an older area?
While benefiting from modern construction, the home’s architecture and lot size may differ from the neighbourhood's original character. You gain interior space and efficiency but may have less mature landscaping compared to neighbouring properties.
5. Does the steady increase in assessed value guarantee a good investment?
It shows positive momentum, but past increases don't guarantee future performance. The consistent upward trend, however, does suggest the property has been maintaining and growing its value relative to the municipal assessment base.