Property Overview: 500 Simcoe Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1907, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,060 sqft of living space, its size is very typical for the immediate area, offering a practical footprint. A key financial characteristic is its assessed value, which ranks above average for Simcoe Street itself, suggesting it may be a well-regarded home within its specific block.
The appeal here is grounded in value and location. It suits a pragmatic buyer—perhaps a first-time homeowner or an investor—who is comfortable with a home that has a functional, unrenovated basement and does not include a garage. The lot size is modest, especially compared to the city-wide average, which translates to lower maintenance. This isn't a sprawling property; it's a manageable, established home in a mature neighbourhood where its value is consistent with its local peers. It’s for someone seeking character without the premium of a modern-sized lot or extensive upgrades, and who understands that a home's value is often most relevant when compared directly to its immediate surroundings.
Section 2: Frequently Asked Questions
1. What does the assessed value ranking actually tell me?
While the assessed value is below the Winnipeg city average, it's actually above average for Simcoe Street itself. This indicates the property is likely viewed as a solid, contributing home within its specific streetscape, which can be a more meaningful metric than a city-wide comparison.
2. Is the lack of a garage or a renovated basement a major concern?
This depends on your priorities and budget. The absence of a garage is common for homes of this era in the area. The unrenovated basement presents a blank canvas for future improvement but does mean the living space is primarily the 1,060 sqft above grade.
3. How does the lot size impact the property?
At 2,490 sqft, the lot is smaller than many in Winnipeg, but is around average for Daniel McIntyre. This typically means less yard maintenance and a more neighbourhood-oriented, close-knit street feel, but less private outdoor space.
4. The home is over 110 years old. What should I consider?
The year built (1907) is typical for the street. This means potential for classic architectural charm, but a thorough inspection is essential to understand the condition of major aging components like the foundation, plumbing, and wiring.
5. How stable has the property's value been?
Previous sale data shows gradual appreciation over time, with sales in 2017 and 2021. The assessed value holding above the street average suggests it has maintained its relative standing in the local market.