563 Simcoe Street

Property Overview & Appeal

This one-and-three-quarter storey home on Simcoe Street is a classic Daniel McIntyre property, built in 1907. With 1,147 square feet of living space and a 2,497 sqft lot, its key metrics—size, assessed value, and land area—are consistently around the average for its immediate street and neighbourhood. This presents a straightforward, no-surprises foundation in a well-established area. The home includes a basement, but it is noted as not being renovated, and there is no garage or pool.

Its primary appeal lies in its position as a stable, median-priced entry into Winnipeg’s housing market, particularly for those seeking character in a central neighbourhood. It suits first-time buyers or pragmatic investors looking for a footprint in a mature community without a premium price tag. A thoughtful perspective is that a home ranking solidly "average" across the board in its locale can represent a lower-risk proposition, as its value is closely tied to the proven performance of the surrounding area rather than speculative features. The unrenovated basement signals an opportunity for a buyer to add value according to their own needs and budget.

Frequently Asked Questions

1. Is the assessed value the same as the market value?
No. The municipal assessed value of $17,800 is for tax purposes and is typically much lower than the expected market sale price, as evidenced by nearby recent sales.

2. What does "one & 3/4 storey" mean for the layout?
This style typically means the second floor has finished living space under sloped ceilings, with some rooms possibly having reduced headroom. It's characteristic of many early 1900s Winnipeg homes and offers more space than a bungalow but with a different feel than a full two-storey.

3. How does the lack of a garage affect daily living in this area?
On-street parking is the norm on Simcoe Street. Buyers should consider their comfort with this, especially during winter parking bans, and assess the driveway or lane access, if any, for potential future parking solutions.

4. The home is older—what should I be most concerned about?
Given the age (1907) and the note that the basement is not renovated, special attention should be paid during an inspection to the foundation, plumbing, electrical systems, and evidence of moisture management. These are common focal points in homes of this era.

5. The data shows it's "below average" citywide for value and lot size. Is that a concern?
Not necessarily. This reflects that newer suburban developments have larger lots and higher assessments. For a central neighbourhood like Daniel McIntyre, comparing it to its immediate area and street is more meaningful, where it holds a steady, average position.