Property Overview
This is a compact, one-storey home built in 1905 on a standard city lot in the Daniel McIntyre neighbourhood. Its key appeal lies in its exceptionally low financial barriers, as reflected by its very low assessed value and recent sale price. The home is notably smaller than most, with 715 sqft of living space and an unrenovated basement. It has no garage or pool. The data suggests this is one of the most affordable properties in Winnipeg, positioned in the bottom 2-6% of the city for both assessed value and living area.
This property would primarily suit a very budget-conscious buyer, such as a first-time purchaser seeking the lowest possible entry point into homeownership, or an investor looking for a minimal-cost rental property. Its small size and need for basement updates mean it is less suited for those requiring move-in-ready finishes or more space.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value is based on the property's characteristics—specifically its very small size, age, and lack of renovations—relative to others. It places this home in the bottom 2% of the city for value, indicating it is a quintessential "starter" property.
2. What does "below average" for living area mean in practical terms?
With 715 sqft, the living space is roughly half the area of the average comparable home in Winnipeg. This indicates a compact floor plan, likely with fewer or smaller rooms, requiring efficient use of space.
3. Is the unrenovated basement a major concern?
It indicates the basement is in original or functional condition, not modernized. A buyer should budget for potential updates and should have it inspected for moisture, foundation integrity, and necessary repairs common in century-old homes.
4. The home sold recently for $8,300. What does that price indicate?
This very low sale price, consistent with the low assessment, confirms its status as a minimal-cost property. It suggests the sale may have been for land value, or for a home requiring significant investment.
5. Given its age, what should a buyer prioritize?
While charm is possible, priority should go to verifying the soundness of major aged systems: the roof, foundation, plumbing, and electrical. The century-old structure is average for its street but older than most in the wider area.