561 Agnes Street

Property Overview

This one and three-quarter storey home on Agnes Street presents a classic Winnipeg character property with practical potential. Its key appeal lies in a balanced combination of historic charm and tangible opportunity. The 1,214 sqft living space is squarely average for the area, but the property stands out with a significantly larger-than-average land area of nearly 3,900 sqft, offering valuable outdoor space in a central neighbourhood. Built in 1906, it carries the hallmarks of its era, including a functional but unrenovated basement and a detached garage. The assessed value positions it as an accessible entry point into the Daniel McIntyre area.

The home would suit a buyer comfortable with a project, whether that’s immediate updates or a longer-term renovation plan. It’s ideal for a first-time homeowner seeking character over turn-key perfection, or an investor looking for a property with solid fundamentals and the upside of improvements. The generous lot is a less obvious advantage, providing room for gardening, expansion, or simply more privacy than typical area lots.

Frequently Asked Questions

What does “one and three-quarter storey” mean for the layout?
Typically, this style features full-sized main and second floors, with the top “quarter” level comprising smaller rooms under the eaves, often used as bedrooms or a cozy den. It maximizes space in a classic design.

How significant is the unrenovated basement?
It indicates the mechanical systems and foundation are likely in original or older condition. This is a key area for inspection, as it represents both a potential future cost and an opportunity to customize the utilities and storage space to your needs from a blank slate.

The assessed value seems low compared to the last sale price. Why?
The assessed value is for municipal tax purposes and often lags behind market values, especially in active markets. The sale price from 2022 is a more current market indicator, but both figures should be weighed against recent comparable sales in the area.

Is the large lot a major advantage?
Yes. In a mature neighbourhood, a lot size that ranks in the top 10% locally is a substantial asset. It offers more light, air, and usable outdoor space than most neighbouring properties, which can enhance livability and future value.

What should I consider about a home from 1906?
Character comes with age-specific considerations. Expect original plaster walls, older windows, and unique architectural details. A thorough inspection is crucial to understand the condition of the structure, wiring, and plumbing, helping to distinguish charming quirks from essential repairs.