Property Overview: 490 Toronto Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home built in 1894, offering over 1,100 square feet of living space with a renovated basement. Its key appeal lies in its established Daniel McIntyre neighbourhood location and its notably low property tax burden, as indicated by an assessed value significantly below the citywide average. The home’s living area and lot size are quite typical for its immediate street and area, presenting a solid, average-sized offering for the locale.
The property would suit a pragmatic buyer who values character and location over sheer size, and who understands the financial advantage of a lower assessment. It’s a practical choice for a first-time homebuyer or an investor looking at the central Winnipeg market, offering a balance of historic charm and modern livability with its updated basement. A thoughtful perspective is that this home represents a more accessible entry point into a mature community, where you’re paying for the neighbourhood and the structure itself, not a premium for land or new construction.
Frequently Asked Questions
1. What does the assessed value tell me about property taxes?
The assessed value of approximately $20,900 is well below the Winnipeg average. This typically translates to lower annual property taxes compared to newer or larger homes, which is a significant ongoing cost savings.
2. How does the age of the home (1894) affect it?
While full of character, a home of this age requires a diligent inspection. Potential buyers should pay close attention to the foundation, plumbing, electrical updates, and overall structure. The renovated basement is a positive modern update.
3. Is the living space sufficient for a family?
At just over 1,100 sq ft, it is a moderately sized home. It would comfortably suit a small family, a couple, or an individual. The space is very much in line with the average for the Daniel McIntyre area.
4. What is the significance of having no garage?
This is common for homes of this era in central neighbourhoods. Buyers should plan for street parking and consider the cost and feasibility of adding a parking pad or shed if private off-street parking is desired.
5. How does the lot size compare?
The lot is under 2,500 sq ft, which is smaller than the city average but fairly standard for the area. It provides a manageable outdoor space without extensive maintenance demands, suiting those who prefer a lower-upkeep yard.