Property Summary: 594 Guilbault Street, Winnipeg
Section 1: Overview & Appeal
This well-situated one-storey home in Archwood presents a practical opportunity in a mature neighbourhood. Its key characteristic is a renovated basement, adding valuable finished space to the 748 sqft main floor. The detached garage and a generous 4,146 sqft lot offer flexibility for parking, storage, or outdoor enjoyment.
The appeal lies in its established location and solid fundamentals. The lot size is above average for both the street and Winnipeg overall, a significant asset. While the home itself is modest in size, the renovated basement effectively expands the liveable area. The property’s assessed value has seen steady growth, indicating stable market recognition.
This home would suit first-time buyers seeking an entry point into a stable neighbourhood, or practical downsizers looking for a manageable property with a low-maintenance footprint and a good-sized yard. It’s a property for those who value space and potential over brand-new finishes, appealing to a buyer comfortable with a home that has character and a strong foundational lot.
Section 2: Frequently Asked Questions
1. How does the living space compare to nearby homes?
At 748 sqft, the main living area is below the average for the immediate street and neighbourhood. However, the renovated basement significantly adds to the usable space, which is a key consideration when evaluating total liveable square footage.
2. What does the lot size ranking mean for this property?
The lot is in the top 28% for size across all of Winnipeg, meaning it’s substantially larger than most city lots. This offers more private outdoor space and potential for gardening, expansion, or additions, subject to local bylaws.
3. The home was built in 1948. What should I be aware of?
While the basement has been renovated, a home of this age will have original core components. A thorough inspection is essential to understand the condition of the roof, foundation, wiring, and plumbing. Its older age is balanced by the neighbourhood’s established charm and mature greenery.
4. How has the property’s value changed over time?
The assessed value has increased from $19.5k in 2017 to $28.8k, showing consistent appreciation. The last sale was in 2017 for $26.6k, close to the current assessment, suggesting a stable value trajectory in line with market trends.
5. How does this home fit within the Archwood neighbourhood?
It sits on a larger-than-average lot for the area, offering a relative advantage in space. While the structure itself is more modest in size compared to some neighbours, its above-average lot size and renovated basement make it a competitively positioned property within this sought-after mature community.