Property Summary: 595 Cusson Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Archwood presents a solid opportunity for a range of buyers. Its key characteristics include a renovated basement, a detached garage, and a notably generous 4,147 sqft lot, placing it in the top quarter of properties on its street for land size. Built in 1948, the house itself is newer than over 90% of its immediate neighbors, suggesting potentially fewer age-related issues compared to others on the block. With 1,227 sqft of living space, it offers more room than the vast majority of homes in the local area.
The appeal lies in its established neighborhood setting combined with above-average metrics for the location. It’s a property that outperforms many nearby homes in terms of lot size, building age, and living space. The renovated basement adds functional, modernized space. This home would suit first-time buyers looking for a move-in-ready property with room to grow, or downsizers seeking a manageable single-level layout without compromising on yard space. A thoughtful perspective is its "relative modernity" in a mature neighborhood—it offers the charm of an established area while being a newer construction compared to its peers, which can mean a different maintenance timeline.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to recent sale prices?
The current assessed value is $31,600. The home last sold in June 2019 for $290,000. It's important to consult with a real estate professional for a current market valuation, as assessed values for tax purposes often differ significantly from market value.
2. What does the "ranking" data mean for this property?
The rankings compare this home to others on its street, in Archwood, and across Winnipeg. For example, being in the "Top 9%" for living area on its street means it's larger than 91% of the homes on Cusson Street. This data highlights where the property holds competitive advantages in its immediate context.
3. Is the lot size a standout feature?
Yes. With a 4,147 sqft lot, the property ranks in the top 25% on its street for land area. This is a significant asset, offering more outdoor space than most neighboring properties, which is valuable for gardening, recreation, or future expansion.
4. The home was built in 1948. Should I be concerned about major repairs?
While any home of this age will require ongoing maintenance, the data shows this house is actually newer than 91% of the homes on its street. This relative age advantage suggests that core structural elements may be in a different stage of their lifecycle compared to many older neighborhood homes.
5. What can nearby sales and similar assessments tell me?
The provided data shows a nearby reference property and homes with similar assessed values. This information is a starting point to understand the area's price range and property types. However, direct comparisons require looking at similar homes' sale conditions, updates, and exact locations.