Property Overview: 619 Gareau Street, Winnipeg
Key Characteristics & Appeal
This well-situated Archwood home, built in 1948, presents a practical opportunity on a generous 4,146 sqft lot. Its key features include a renovated basement and a detached garage. The living area of 901 sqft is efficiently sized for a one-and-a-half storey layout. The property’s appeal lies in its established neighbourhood setting and its notable lot size, which ranks within the top quarter for the street, offering valuable outdoor space and potential. The home’s assessed value is positioned in the top third city-wide, suggesting a solid foundation for value.
This property would suit first-time buyers or downsizers looking for a manageable footprint without sacrificing yard space. It’s also a candidate for those with a vision for gradual updates, as the large lot provides room for future gardens, play areas, or expansion. A thoughtful perspective is that homes of this era and lot size in stable neighbourhoods often represent a balance of affordability and long-term land value, appealing to the patient buyer.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, permits, or moisture control are not provided. This is a key detail to investigate during a viewing or through your real estate agent.
2. How does the lot size compare practically?
At over 4,000 sqft, the lot is significantly larger than many in Winnipeg. This means more privacy, space for sheds or gardens, and room for children or pets to play compared to properties on standard, narrower lots.
3. The home is older; what should I consider?
Built in 1948, the core systems (plumbing, electrical, roof, insulation) will be a primary focus for a home inspection. While the basement is renovated, the main and upper floors may retain original features needing updates or maintenance.
4. What is the neighbourhood like?
Archwood is a mature, established neighbourhood in Winnipeg. The rankings show this property is on a quieter street within the area. For insights on community feel, amenities, and traffic, visiting at different times of day is recommended.
5. Why is the assessed value different from the last sale price?
The home was last sold in 2019 for $27.5k and is now assessed at $29.4k. Municipal assessments for tax purposes don't always equal market value. The current market price will be influenced by recent upgrades, market conditions, and seller motivation.