Property Overview & Key Characteristics

This well-situated Archwood home, built in 1947, presents a classic one-and-a-half storey layout on a notably spacious lot. Its key appeal lies in a combination of established neighbourhood charm, practical updates, and above-average outdoor space. The home features a renovated basement, adding valuable finished living area to the 1,009 sqft main footprint, and includes a detached garage. The land size of 4,399 sqft ranks in the top tier for the street, offering more room for gardening, play, or expansion than many nearby properties.

Its value is underscored by stable assessed values and recent sale prices that have shown modest, steady growth over the past several years. The home ranks highly within its immediate area for lot size and living space, suggesting it is a substantial property within its local context. It would particularly suit first-time buyers or downsizers looking for a manageable home with a generous yard in a mature neighbourhood, or an investor seeking a property with proven value consistency and a desirable lot size.

Frequently Asked Questions

1. How does the lot size compare to newer neighbourhoods?
At 4,399 sqft, this lot is significantly larger than what is typically offered in many modern suburban developments, providing a rare level of outdoor privacy and potential in the city.

2. What does the "renovated basement" entail?
The listing confirms the basement is renovated but does not specify the finish or layout. This would be a key point for a viewing to understand if it suits your needs for recreation, storage, or additional living space.

3. The home is older; what should I consider?
Built in 1947, the core systems (roof, wiring, plumbing, insulation) will be a primary focus for a home inspection. The stable sale history suggests the property has been maintained, but an inspection is essential to understand upcoming maintenance.

4. The assessed value seems low. Why?
Manitoba assessed values are typically lower than market value. More relevant are the recent sale prices from 2017 and 2019, which show a stable trend. The current market value will be determined by present-day conditions and buyer competition.

5. How does this home fit within the Archwood neighbourhood?
The data shows this property ranks in the top 20-30% on its street for living area and lot size, indicating it is one of the more substantial homes in this specific part of Archwood, offering more space than many direct neighbours.