Property Overview: 799 Archibald Street, Winnipeg
Section 1: Key Characteristics & Appeal
This well-situated one-storey home in Archwood presents a solid opportunity for first-time buyers, downsizers, or investors. Its primary appeal lies in a combination of location, lot size, and recent updates. The property sits on a generous 3,574 sqft lot, placing it in the top 5% for size on its street, offering ample outdoor space relative to the neighbourhood. A key feature is the renovated basement, adding valuable finished living space to the 864 sqft main floor.
The home suits practical buyers looking for a move-in-ready foundation in a mature neighbourhood. Its assessed value ranks highly within its immediate area, suggesting it is perceived as a strong asset on its street. Built in 1962, it is notably newer than many surrounding homes, which may translate to fewer immediate age-related concerns. The appeal here is grounded: it’s a property with a above-average lot in a stable area, updated where it counts (the basement), and positioned for someone who values space and practicality over sheer square footage.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a renovation typically means the basement has been finished into livable space, such as a rec room, additional bedroom, or utility area. It’s a significant value-add, effectively increasing the usable square footage beyond the main floor.
2. How does the lack of a garage affect daily life and value?
The absence of a garage is a trade-off for the large lot. It means relying on street parking, but the lot size offers potential for adding a garage or sheltered parking in the future, which is a notable upside not available on smaller properties.
3. The home sold in 2019 for $27.6k, but is now assessed at $30.2k. What does this mean?
The assessed value is the city’s valuation for property tax purposes, which can differ from market value. The increase suggests the city recognizes an improvement in the property’s taxable worth, likely due to the basement renovation. Market sale price could be higher.
4. The living area is 864 sqft. Will it feel small?
This depends on the basement layout. The main floor is compact, but the renovated basement significantly expands the functional living space. For a small household or someone downsizing, the total usable area is likely quite comfortable.
5. The lot is large, but what are the actual benefits?
Beyond potential for additions like a garage, a larger lot in a mature neighbourhood like Archwood offers more privacy, gardening space, and room for outdoor living. It also represents a scarcity value—larger lots are less common and can be a long-term asset.