Property Overview & Appeal

This 1925 one-storey home in Archwood presents a classic Winnipeg character property on a large, 6,222 sqft lot. Its key appeal lies in its established setting and clear potential. The home itself is modest at 1,056 sqft with an unrenovated basement, positioning it as a solid foundation for customization. The standout feature is the lot size, which ranks in the top 6% on its street and top 3% in the neighbourhood, offering rare space for gardens, play, or expansion.

It would suit a buyer looking for a long-term project—someone who values space over move-in-ready finishes and is prepared to invest sweat equity or phased renovations. The very low assessed value suggests room for value growth through updates. It’s also a practical option for those seeking a manageable single-level layout on a quiet street, with the trade-off being the age of the home and the need for modernization.

Frequently Asked Questions

1. What does "unrenovated basement" typically mean for a house of this age?
It usually indicates the original foundation and layout are intact, with finishes like lath and plaster or basic concrete. It’s a blank canvas but may require addressing historical materials, moisture management, or updating electrical/mechanical systems before finishing.

2. The assessed value seems low compared to other listings. Why is that?
Municipal assessed value for taxation is not market value. A low assessment often reflects the home's original condition and lack of recent major updates, not necessarily its sale price. It can indicate significant potential to increase the property's value through renovations.

3. The lot is large, but are there any restrictions on how I can use the space?
You should always verify with the City of Winnipeg’s zoning bylaws. While the space is excellent for gardening or a detached garage (which exists), there may be rules regarding setbacks, auxiliary buildings, or lot coverage that affect plans for additions or new structures.

4. How significant is the age of the home (1925) for maintenance?
Very significant. It means potential for charming original details but also for aging infrastructure. A thorough inspection is essential to understand the condition of the foundation, roof, plumbing, wiring, and insulation, as updating these can be a major part of the project cost.

5. The home ranks very poorly for its year built on the street. What does that indicate?
This stat shows that nearly all other homes on the street were built more recently. In a neighbourhood like Archwood, this often means the immediate area has seen infill development or extensive renovations over time. Your home would be one of the older originals, which can be a point of character but also highlights its relative need for updates compared to neighbours.