587 Tremblay Street

Property Overview: 587 Tremblay Street, Archwood, Winnipeg

Section 1: Key Characteristics & Appeal

This 2023-built bi-level home offers a rare combination of new construction and an established, mature neighbourhood. Its primary appeal is its modern condition, essentially providing a "move-in-ready" experience without the typical wait and uncertainties of a new development. The home features a renovated basement and a living area of 1,043 sqft on a generous 3,386 sqft lot.

The property’s standout strength is its exceptional ranking for age, placing in the top 1% of homes in Winnipeg. This means you get the benefits of modern building standards, energy efficiency, and minimal immediate maintenance, all within a settled community. Its lot size is also well above average for the street and neighbourhood, offering good outdoor space relative to the area.

This home would ideally suit first-time buyers or downsizers seeking a low-maintenance, modern property without sacrificing neighbourhood character. It also appeals to value-conscious buyers who prioritize a newer building envelope and systems, understanding that this can offset other compromises like the absence of a garage. The recent sale at the assessed value suggests a stable, transparent market valuation.

Section 2: Frequently Asked Questions

1. Is the lack of a garage a significant drawback?
While a garage is absent, the large lot provides ample space for parking and potential future solutions like a shed or carport. For many buyers, the trade-off for a brand-new home in a prime location is worth it.

2. How does the living space compare to older homes in the area?
At 1,043 sqft, the living area is competitively sized, ranking in the top 20% on its street. It’s efficient and modern, likely with an open-concept layout, whereas some older, larger homes may have more but also less functional, compartmentalized space.

3. The home just sold recently. Why is it back on the market?
The listing indicates a sale in October 2024. This could be due to a simple change in the owner’s circumstances, an investor flipping the property, or a deal that fell through and is now relisted. It does not inherently indicate a problem with the home.

4. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or whether it includes a legal suite. This is a key detail to clarify with the listing agent, as it significantly impacts the home’s utility and value.

5. Are properties in Archwood a good investment?
The data shows this home holds its value, selling at its assessed price. Archwood is a stable, established neighbourhood. This property, being one of the newest in the entire city, offers a unique hedge against the higher maintenance costs typically associated with older homes in such areas.