Property Overview: 559 Agnes Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre is a classic Winnipeg character property, built in 1905. With 1,111 sqft of living space and a renovated basement, it sits on a standard city lot. Its key appeal lies in its strong position within the immediate neighborhood. While its living space is modest compared to others on Agnes Street, its assessed value is notably above average for both the street and the broader Daniel McIntyre area, suggesting it is well-maintained or has features that are favorably viewed by assessors. The detached garage adds practical utility.
This home would suit a first-time buyer or a small household drawn to established, historic neighborhoods. It’s for someone who values character over square footage and appreciates a home that stands out positively in its local market context. A thoughtful perspective is that this property represents an opportunity to own a well-regarded asset in its micro-area, which can be a smarter investment than a larger, more average property in a less defined location. Its last sale was in 2021 for $200,000.
Section 2: Frequently Asked Questions
1. Is the living space too small?
At 1,111 sqft, the living area is below the average for Agnes Street itself but is quite typical for the wider Daniel McIntyre neighborhood. The renovated basement effectively adds functional space, making the home practical for a small household.
2. What does the "above average" assessed value mean?
The assessed value ranks in the top 30% for both the street and the neighborhood. This generally indicates the property has been assessed at a higher value per square foot than many peers, often reflecting updates, condition, or desirable lot characteristics.
3. How does the 1905 build year affect the home?
While the home is historic, its build year is around average for Agnes Street. Buyers should expect the charm and potential layout quirks of an older home, and a thorough inspection is essential to understand the condition of major aging components like wiring and plumbing.
4. What is the potential for future expansion?
The lot size of 2,586 sqft is standard for the area. While not oversized, it provides typical backyard space and may allow for a small addition or deck, subject to local zoning bylaws.
5. How does the 2021 sale price relate to current value?
The property sold for $200,000 in late 2021. This recent transaction provides a clear benchmark, but current market conditions, any improvements made since then, and broader economic factors will determine its present value.