Property Overview: 548 Tremblay Street, Archwood, Winnipeg

Section 1: Key Characteristics & Appeal

This one-storey home in Archwood is defined by its generous 3,302 sqft lot, which ranks within the top 35% of the neighbourhood for size. Built in 1933, the house itself is a 954 sqft bungalow with an unrenovated basement and a detached garage. Its appeal lies in a clear value proposition: a substantial, established lot in a mature community. The recent sale in August 2024 for $282,000, closely aligned with its assessed value, suggests a stable and transparent market price.

This property suits practical buyers looking for a ground-level living space with significant outdoor potential. It’s a candidate for those comfortable with a home that may require updates over time, offering the chance to add value through renovations, particularly to the basement. The lot size is a standout feature, providing room for gardening, expansion, or simply more private outdoor space than many newer infill properties. It represents an entry into a settled neighbourhood where the land itself is a key asset.

Section 2: Frequently Asked Questions

1. What does the lot size ranking actually mean?
The property’s lot is larger than approximately 65% of other lots in the Archwood neighbourhood, indicating it has more outdoor space than typical for the area. This is often a priority for families or those who value privacy and greenery.

2. Is the unrenovated basement finished or usable?
The listing specifies the basement is "not renovated." This typically means it is in a rough, unfinished state suitable for storage and utilities, presenting both a blank canvas for future development and an immediate cost consideration for any desired upgrades.

3. How does the recent sale price compare to historical values?
The home sold for $282,000 in August 2024, which is a modest increase from its $270,000 sale in June 2022. This indicates relative price stability in a changing market, with the slight increase potentially reflecting the value of its larger lot.

4. What are the implications of the home’s age (1933)?
A home of this age offers classic character and established landscaping but requires a diligent inspection. Buyers should budget for potential updates to major systems like wiring, plumbing, or insulation to meet modern standards and efficiency.

5. Who might the detached garage benefit most?
A detached garage is ideal for owners with workshop hobbies, those who need extra storage, or anyone who prefers to keep automotive fumes and noise separate from the main house. It can also offer more flexibility for lot layout compared to an attached structure.