Property Overview
181 Archibald Street is a 700 sqft bungalow built in 1946, situated on a 4,497 sqft lot in Winnipeg's North St. Boniface neighbourhood. With an assessed value of $168,000, it presents as one of the more accessible entry points into the city's housing market.
Key Characteristics & Appeal
This home’s primary appeal lies in its affordability and lot size within a well-established area. The assessed value is notably below averages for its street, neighbourhood, and the wider city, positioning it as a potential opportunity for budget-conscious buyers. The lot is of a practical, manageable size and is actually larger than many lots in the broader North St. Boniface area.
The property suits first-time buyers or investors seeking a lower-cost foothold in the market. Its compact living space requires efficient use or potential expansion, appealing to those comfortable with a cozy layout or future renovation projects. A thoughtful perspective is that its lower assessment could mean relatively lower property taxes, a recurring cost savings. However, the home’s age (80 years) necessitates a careful inspection of major systems like plumbing, electrical, and the foundation.
Frequently Asked Questions
1. Why is the assessed value so much lower than neighbouring homes?
The assessed value is based on factors including the home's smaller size (700 sqft), age, and market conditions. It reflects its current state and is often used for tax purposes, not necessarily the final sale price.
2. What should I consider due to the home's age?
A pre-purchase inspection is highly recommended. Focus on the condition of the roof, wiring, plumbing, and the foundation, which are common areas for concerns in homes of this vintage.
3. Is the lot size a pro or a con?
It's a balanced feature. At 4,497 sqft, it's smaller than others on Archibald Street but is actually near the average for North St. Boniface. It provides decent outdoor space without being burdensome to maintain.
4. How reliable is the listed sold price range?
The displayed range (CA$150k–200k for 10/2023) is based on public data, not the MLS. For verified, exact historical sale figures, you must request a manual lookup from the site via email.
5. What is the neighbourhood like?
North St. Boniface is a mature, historic neighbourhood. Its established character means amenities are close by, but it also means most homes are of a similar era, so checking the condition of nearby properties can be insightful.