Property Overview & Key Characteristics
This 1907 one-storey home on a 2,475 sqft lot in Daniel McIntyre presents a classic Winnipeg character property with clear potential. Its primary appeal lies in its generous lot size, which ranks in the top 9% on the street and top 4% city-wide, offering valuable outdoor space and future possibilities in a central location. The 680 sqft living area is compact, suggesting a cozy footprint or potentially an incomplete upper floor, making it a candidate for renovation or expansion. The detached garage adds practical utility.
The home suits buyers looking for a solid foundation in a well-established neighbourhood, particularly those interested in a value-driven project. It’s a fit for an investor seeking a hold-and-renovate property, a first-time buyer comfortable with a home that may require updates, or someone prioritizing a large lot over immediate move-in condition. The very low assessed value indicates a property that likely requires significant modernization, appealing to those with a vision and budget for improvements.
Frequently Asked Questions
1. What does "not renovated" for the basement imply?
The listing explicitly notes the basement is "not renovated." Buyers should anticipate a functional but unfinished space, likely with original or utilitarian conditions, and budget accordingly for any desired upgrades.
2. The living area seems small for the lot size. Is there expansion potential?
The 680 sqft living area on a large lot is a key feature. This discrepancy strongly suggests potential for a lateral addition, a second-storey expansion (subject to zoning), or the creation of significant outdoor living space, which is a major draw for the right buyer.
3. How does the assessed value compare to recent sales?
The current assessed value is $12.4k, notably lower than the last recorded sale price of $14.1k in August 2021. This may reflect municipal assessment practices for older, unrenovated homes and does not directly predict market sale price, which would be influenced by current condition and demand.
4. What is the neighbourhood context?
Located in Daniel McIntyre, the property is central and well-connected. The provided comparisons show a mix of similarly valued homes and others with significantly higher assessments on the same street, indicating a diverse streetscape with varying property conditions and sizes.
5. Are the provided "similar assessed value" properties actually comparable?
The listed properties with similar $12.4k assessments are in different neighbourhoods across the city. This is a technical assessment comparison, not a direct market or style comparison. It primarily highlights that this property's municipal assessment is very low, which can have implications for property taxes.