Property Overview & Appeal

This one-and-a-half storey home on a spacious 4,144 sqft lot in Archwood presents a classic Winnipeg character with practical updates. Its key appeal lies in a balance of established neighbourhood charm and tangible value. The home features a renovated basement, adding valuable finished living space to the 888 sqft main footprint, and a detached garage. Built in 1948, it sits on a lot size that ranks well above average for its street and the wider city, offering ample outdoor potential.

The property would suit first-time buyers or practical downsizers looking for a manageable home with a significant yard in a mature neighbourhood. Its recent sale price (October 2023) being notably higher than its assessed value suggests it was a competitive purchase, appealing to buyers who saw value beyond the official assessment. It’s a home for someone who values space and privacy over brand-new condition, and who may see potential in the existing structure and generous lot.

Frequently Asked Questions

1. What does the ranking data for the lot size and year built actually mean?
The rankings compare this property to others on the same street, in Archwood, and across Winnipeg. For example, the lot size is in the top 15% on Guilbault Street, meaning it's larger than most direct neighbours. Conversely, its 1948 build date is in the top 82% on the street, meaning most neighbouring homes were built more recently.

2. The home sold for significantly more than its assessed value in 2023. Why?
A sale price above assessed value is common and reflects the market value determined by competing buyers at that time. The assessment is for municipal tax purposes and often lags behind current market conditions, especially in active sales. This gap indicates buyers perceived strong value in the property's specific features, like the renovated basement and large lot.

3. Is the living space of 888 sqft including the renovated basement?
Typically, listed living area refers to above-grade square footage. The 888 sqft likely represents the main and upper floors. The renovated basement would provide additional, separate living space, which is a key feature but not usually included in the official living area figure.

4. What is the neighbourhood of Archwood like?
Archwood is a mature, established neighbourhood in Winnipeg. The property's lot size ranking suggests a pleasant, less-dense streetscape compared to many newer areas. The presence of many homes from the mid-20th century points to a stable, community-oriented feel.

5. How does this property compare to the nearby reference listing at 584 Guilbault Street?
The reference property is very similar in size and assessed value but was built seven years later. A key difference for this home at 569 Guilbault is its recently renovated basement and its notably larger lot (4,144 sqft vs. an unstated size for 584 Guilbault), which are likely significant value drivers.