Property Overview: 569 Archibald Street, Winnipeg
Key Characteristics & Appeal
This is a substantial, century-old two-storey home in Dufresne, distinguished primarily by its exceptional interior space. With 2,688 square feet of living area, it ranks within the top 1-2% of homes locally and citywide for size, offering significantly more room than typical area comparables. This presents a rare opportunity for buyers seeking generous square footage without a modern suburban footprint. The property sits on a 4,551 sqft lot, which is above average for the Dufresne neighbourhood, providing a balance of yard space and low-maintenance grounds.
The appeal lies in its potential and character. The home has a classic 1910 build date and an unrenovated basement, positioning it as a prime candidate for customization. It suits buyers with a vision—whether a large family needing space to grow, a multi-generational household, or an investor or renovator looking to add value to a structurally spacious canvas. The assessed value is notably higher than area averages, reflecting its substantial building size, yet the last sale price suggests it may represent a value proposition for the amount of space acquired. It’s a property for those who prioritize volume and potential over modern move-in readiness.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition, but not updated with modern finishes. Buyers should budget for potential updates and include a thorough inspection to assess the foundation, plumbing, and electrical systems.
2. The home is over 110 years old. What should I consider?
While offering classic charm and robust construction, a home of this age requires careful attention to major systems (roof, wiring, plumbing, insulation) and ongoing maintenance. The high living area ranking confirms its enduring, spacious layout—a valuable asset that is expensive to replicate today.
3. How does the lot size compare?
At 4,551 sqft, the lot is smaller than others on Archibald Street but is actually larger than the average lot in the broader Dufresne area. This means you get more yard than many neighbours, but not an excessively large property to maintain.
4. Why is the assessed value much lower than the city-wide average sale price for comparable homes?
The city-wide "comparable" average of $390k referenced is based on homes with similar assessed values, not similar size or type. This home’s assessed value is driven by its specific characteristics and location. Its true market value is better indicated by its recent sale price and its elite ranking for living area.
5. Who would this property not suit?
It may not suit buyers seeking a low-maintenance, turn-key modern home or those unwilling to take on projects. The lack of a garage and the age of the property require a pragmatic approach to ownership and potential future investments.