Property Overview: 515 Maryland Street
Key Characteristics & Appeal
This one-storey home in Daniel McIntyre presents a practical opportunity in Winnipeg’s core. Its key characteristic is its modest 788 sqft living area, which is notably compact compared to most homes on its street and across the city. However, this is balanced by a fully renovated basement, adding functional space, and a detached garage. The lot size is a genuine asset—at 3,699 sqft, it is larger than many in the immediate area, offering valuable outdoor space or future potential in a neighbourhood where land is at a premium.
The appeal here is grounded in value and location rather than size. With an assessed value that aligns with area averages, it represents a more accessible entry point into the housing market. It would suit a first-time buyer, an investor looking for a manageable rental property, or someone seeking a low-maintenance living space without a large footprint. The 1954 build date is relatively newer than many surrounding homes, which may suggest fewer concerns associated with century-old properties. The perspective to consider is that this home trades interior square footage for a more generous exterior parcel, appealing to those who prioritize outdoor space or strategic redevelopment over a large existing floor plan.
Frequently Asked Questions
1. Is the living space too small?
At 788 sqft, the above-ground living area is compact. The renovated basement provides crucial additional space, making the property more functional for daily living than the main floor square footage alone suggests.
2. How does the assessed value compare?
The home’s assessed value is very typical for the Daniel McIntyre neighbourhood and Maryland Street, sitting near the median. However, it falls well below the citywide average, reflecting its location and size.
3. What is the significance of the lot size?
The 3,699 sqft lot is a standout feature, being larger than many neighbouring properties. This offers more private outdoor space and could be a long-term asset for gardening, expansion, or redevelopment relative to other lots in the area.
4. Is the 1954 build date an advantage?
Yes, relatively. While not a new build, it is a more recent construction than many homes in this historic area. This can sometimes mean updated foundational systems and potentially fewer immediate major repairs compared to nearby homes built in the early 1900s.
5. What type of neighbourhood is Daniel McIntyre?
Daniel McIntyre is an established, diverse inner-city Winnipeg neighbourhood. It offers proximity to downtown, local amenities, and character. Buyers should be attracted to an urban, walkable lifestyle and the value offered by older homes.