755 Archibald Street

Property Overview

This one-and-a-half storey home on a spacious, 4,845 sqft lot in Archwood presents a classic Winnipeg post-war character. Its key appeal lies in a balance of established neighbourhood charm and practical fundamentals. The home itself is modest in size at 913 sqft, but it sits on a lot that is larger than most in the city, offering valuable outdoor space and future potential. A recently renovated basement adds modern livability, while the detached garage provides practical storage. The home last sold in 2017, suggesting a period of stable ownership.

It would suit a first-time buyer or downsizer looking for an entry point into a mature, tree-lined neighbourhood without a massive footprint to maintain. The generous lot size could also appeal to those with long-term vision, seeing value in the land itself for gardening, expansion, or future redevelopment. Given its assessed value sits well below recent sale prices of comparable nearby properties, it may attract buyers looking for a value-oriented project or investment opportunity in a central location.

Frequently Asked Questions

1. How does the lot size compare to others?
The 4,845 sqft lot is a significant feature, ranking in the top 41% for size across Winnipeg. It's substantially larger than many standard city lots, offering more privacy and yard space.

2. The living area seems small. Is the layout efficient?
At 913 sqft, the above-ground living space is compact. However, the renovated basement effectively expands the usable square footage, and the one-and-a-half storey design may offer flexible upper-level space.

3. What does the neighbourhood ranking indicate?
Rankings show the property's specific metrics relative to others. For example, its lot size ranks in the top 12% within Archwood, a definite strength. Its assessed value, however, ranks in the bottom 72% of the neighbourhood, which may reflect the home's age and size but could indicate a lower property tax base.

4. The home sold for $210k in 2017. What is the context?
That sale price was in the top 14% for Winnipeg at the time, highlighting strong past demand. The current assessed value of $24,700 is for municipal tax purposes only and is not an indicator of market value.

5. Are the comparable listings nearby similar?
The listed comparables show a mix. Some nearby homes on similar lots have higher assessed values and larger footprints, while others are smaller. This suggests the value proposition here is specifically tied to its unique combination of lot size, renovated basement, and the character of the original home.