Property Overview
This home at 502 Victor Street is a classic two-storey character house built in 1907, situated in Winnipeg's Daniel McIntyre neighbourhood. Its key characteristics include 1,335 sqft of living space, a renovated basement, and a detached garage. The lot is a manageable 2,348 sqft. When compared locally, the home presents as a very typical offering for its specific street and neighbourhood in terms of size, age, and assessed value, though its city-wide comparisons highlight its urban character with a smaller lot and older build date than the Winnipeg average.
Its appeal lies in its established, central location and the practicality of a renovated basement and detached garage. It represents a solid entry-point into the character home market without the extreme premium of some heritage areas. The data suggests it’s a "middle-of-the-road" property within its immediate context, which can mean less competition and a more straightforward valuation.
This property would suit a first-time buyer or pragmatic investor looking for a character home in a central neighbourhood without a massive lot to maintain. It would also appeal to someone who values a renovated basement for extra living space and wants the flexibility of a detached garage.
Frequently Asked Questions
1. How does the assessed value relate to the likely sale price?
The assessed value is $18,300, but note that a nearby, very similar home at 464 Victor Street sold for $18,400 in 2019. The sale price will be determined by current market conditions, but this provides a recent historical benchmark for the street.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but the specific scope, quality, and whether it includes a legal suite or additional bedrooms should be verified through a viewing and inspection.
3. Are there any concerns with a home built in 1907?
While full of character, a home of this age requires diligent inspection. Key focuses should be the foundation, original wiring and plumbing updates, insulation, and the overall integrity of the structure and roof.
4. How does the lot size impact living here?
At 2,348 sqft, the lot is below average for both the neighbourhood and city. This means lower outdoor maintenance but limited space for expansions, large gardens, or privacy from neighbours. The detached garage is a valuable asset on a smaller lot.
5. What is the neighbourhood vibe like?
Located in Daniel McIntyre near St. Matthews, it's a mature, central Winnipeg community. The density of similar-aged homes on Victor Street suggests a consistent, established streetscape. Prospective buyers should visit at different times to gauge traffic, noise, and overall ambiance.