Property Summary: 611 Guilbault Street, Winnipeg
Key Characteristics & Appeal
This is a well-situated, classic one-storey home in the established Archwood neighbourhood. Its primary appeal lies in its combination of a generous, mature lot (over 4,100 sq ft) and a recently renovated basement, offering solid value and potential. The home itself is modest in size at 748 sq ft, presenting an opportunity for a first-time buyer, downsizer, or investor seeking a manageable property with good bones in a quiet area.
The data suggests a property with strong fundamentals: the lot size ranks in the top 30% for the street and neighbourhood, a significant asset. While the house is older, its assessed value is competitive, positioned in the middle of its immediate market. The detached garage adds practical utility. This property would suit a pragmatic buyer who values outdoor space over extensive interior square footage, sees the potential in the renovated basement for extra living or rental income, and prefers a character neighbourhood over a new subdivision. It’s a home for someone comfortable with the upkeep of an older structure but looking for a move-in-ready basement space.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation typically means finished living space. It could be a rec room, additional bedroom, or suite potential (subject to city permits). It's a key feature that adds functional space beyond the main floor's square footage.
2. How does the smaller living area (748 sq ft) compare to nearby homes?
The listed reference property at 584 Guilbault is larger at 884 sq ft, indicating this home is on the more compact side for the area. This contributes to its accessible price point and lower property taxes, but means efficient use of space is important.
3. The last sale was in 2017 for $23.5k. What does that price indicate?
That sale price is very low and not reflective of market value; it was almost certainly a non-arms-length transaction between family members or as part of an estate transfer. The current assessed value of $27,900 is the relevant municipal valuation for tax purposes.
4. What are the pros and cons of the lot size?
The large lot is a major asset for privacy, gardening, or future expansion (like an addition or shed). The trade-off is that it requires more maintenance for lawn care and landscaping than a smaller lot would.
5. How does this home rank for "newness" in its area?
Built in 1948, it's actually among the newer homes on its street (top 18%) and in Archwood (top 17%). This is a less obvious advantage, suggesting potentially newer infrastructure like plumbing or electrical compared to even older neighbourhood homes.