Property Overview
This is a compact, one-storey home built in 1905 on a standard city lot in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in its exceptionally low property taxes, due to an assessed value that is among the lowest 5% in the city. At 930 sqft, the living space is modest and below average for the area, suggesting a straightforward layout. The home lacks a basement, garage, and pool.
This property would primarily suit very budget-conscious buyers, such as first-time purchasers seeking the lowest possible entry point into homeownership, or investors looking for a minimal-tax holding with renovation potential. Its small size and simple structure also make it a candidate for those interested in downsizing or a minimalist lifestyle. A less obvious perspective is its potential appeal to someone interested in a "blank slate" project; the absence of a basement simplifies certain types of foundational or accessibility renovations.
Frequently Asked Questions
1. Why is the assessed value so low compared to the city average?
The assessed value is consistently in the bottom 5% across all comparisons (street, neighbourhood, and city-wide). This is typically due to the home's smaller size, age, and specific market conditions in its immediate area, resulting in significantly lower annual property taxes.
2. What does "no basement" mean for this property?
The home is built on a crawlspace or slab foundation, not a full basement. This affects storage options, mechanical system placement, and potential for adding below-ground living space. It can, however, reduce concerns about basement moisture or flooding.
3. The home sold twice in 2021. What should I consider?
The two sales in close succession suggest a flip or quick ownership change. It underscores the importance of a thorough inspection to understand what work was done (or not done) during that period and to verify the quality of any updates.
4. How does the living area compare to nearby homes?
At 930 sqft, it's notably smaller than the average home on Beverley Street (~1,178 sqft) and in Daniel McIntyre (~1,142 sqft). Buyers should be prepared for efficient use of space and likely fewer rooms or smaller room sizes than in neighbouring properties.
5. Is the land size a positive aspect?
The 2,496 sqft lot is fairly average for the street and neighbourhood. It provides standard outdoor space for a city home but is not unusually large. Its value is more about providing the required setback and yard space typical of the area rather than offering expansive redevelopment potential.