600 Cusson Street

Property Summary: 600 Cusson Street, Winnipeg

Section 1: Overview & Appeal

This well-situated one-storey home in Archwood presents a solid opportunity for a specific type of buyer. Its key characteristic is a desirable, larger-than-average lot (3,420 sqft), offering valuable outdoor space in a mature neighbourhood. The home itself is a modest 891 sqft bungalow built in 1953, featuring a renovated basement and a detached garage.

The primary appeal lies in its land value and location metrics. The property ranks in the top tier for lot size on its street and is newer than 97% of its immediate neighbours, suggesting it may have been built on a subdivided lot. It last sold in mid-2022 for $350k, a price that placed it in the top 10% of the neighbourhood at the time, indicating strong perceived value. This combination suits buyers looking for a footprint in a stable area where the land itself is a significant asset. It would be ideal for a downsizer seeking single-level living with room for a garden, or for a value-conscious buyer planning a future renovation or addition, given the generous lot size. The renovated basement adds functional living space, appealing to those needing a rec room, home office, or separate suite potential.

Section 2: Frequently Asked Questions

1. What does the "top percentage" ranking actually mean?
These rankings compare this property against all others on the same street, in Archwood, and across Winnipeg for specific metrics. For example, being in the "top 0%" for lot size on its street means it has the largest lot on Cusson Street. A "top 37%" rank for lot size in the neighbourhood means 63% of properties in Archwood have a larger lot.

2. The home is 891 sqft, but sold for $350k in 2022. What justified that price?
The 2022 sale price, which was notably high for the area, was likely driven by the premium lot size, the renovated basement, and the strong market conditions of that time. It suggests buyers placed significant value on the property's potential and land, not just the interior square footage.

3. Is the detached garage a standard feature here?
Given the age of the home and neighbourhood, a detached garage is common. It offers flexibility but may be less convenient than an attached garage, especially in winter.

4. How does the assessed value relate to the likely market price?
The municipal assessed value ($32,800) is for taxation purposes only and is typically far below market value. It should not be used as an indicator of listing or sale price; refer to the 2022 sale price and current market comparisons for that.

5. The home is newer than most on the street. Does that mean it's in better condition?
Not necessarily. While it may have a younger foundation and roof, the building is still 73 years old. A newer build date on an older street can mean different construction methods or materials, but a thorough inspection is always essential to determine actual condition.