Property Overview
This 1,116 sqft, one-and-three-quarter storey home on Agnes Street in Winnipeg's Daniel McIntyre neighbourhood presents a classic character home opportunity. Built in 1905, it sits on a standard city lot and features a living area that is typical for its immediate area. Its assessed value is notably below both the neighbourhood and citywide averages, which can indicate a more accessible entry point into the market. The home last sold in July 2021. Its appeal lies in its established location and the potential inherent in a historic property, likely appealing to buyers comfortable with a home that may require updates. It would suit a first-time buyer looking for character in a central neighbourhood, or an investor seeking a property with foundational value in a steady market. A thoughtful perspective is that while its metrics are average for the street, its below-average assessment for the wider area could represent a relative value opportunity, assuming typical conditions for its age and location.
Frequently Asked Questions
1. What does the assessed value tell me about this property?
The assessed value is significantly below the average for both the Daniel McIntyre neighbourhood and Winnipeg citywide. This typically suggests a more affordable tax base and can indicate a purchase price below newer or fully renovated homes in the area.
2. Is the living space sufficient for a family?
At 1,116 sqft, the living area is slightly below the current neighbourhood average. This is common for homes of this era and may involve more compartmentalized rooms rather than open-concept layouts. It could suit a small family or those prioritizing location over expansive square footage.
3. What should I consider with a home built in 1905?
A home of this age possesses character but requires diligent inspection. Key considerations include the condition of the foundation, plumbing, electrical systems (likely updated at some point), and insulation. Budgeting for ongoing maintenance and potential updates is essential.
4. How does the lot size compare?
The 2,628 sqft lot is standard for the inner-city neighbourhood. It provides typical backyard space for the area but is below the much larger average lot size citywide, which includes newer suburban developments.
5. What can nearby sales and similar assessments indicate?
The nearby sale of a similar-aged, slightly smaller home on Victor Street in 2021 provides a recent neighbourhood price benchmark. The list of properties with identical assessed values across various city neighbourhoods highlights how assessment alone doesn't dictate market price, which is more influenced by location, condition, and interior features.