Property Overview: 573 Victor Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic two-storey home built in 1906, offering 1,116 sqft of living space on a 2,350 sqft lot in the Daniel McIntyre neighbourhood. Its key characteristics are its established location, compact lot size, and vintage charm. The home has a basement, but it is noted as not being renovated, and there is no garage or pool.
The appeal lies in its position as a straightforward, no-frills property in a long-established central Winnipeg community. For its immediate area and neighbourhood, the home's living space, assessed value, and lot size are generally around or below the local average, suggesting it may be a more accessible entry point into the market. The home’s age presents both character and the likelihood of maintenance considerations typical of a century-old structure.
This property would suit a pragmatic first-time buyer or an investor looking for a central location without premium pricing. It’s for someone comfortable with a home that offers fundamentals rather than modern finishes, and who sees potential in a property that is statistically modest compared to its direct peers but positioned within a mature urban fabric.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,116 sqft, the living area is below the average for Victor Street itself (avg. ~1,266 sqft) but is very close to the average for the broader Daniel McIntyre neighbourhood (~1,142 sqft).
2. What is the significance of the assessed value?
The assessed value of $17,700 is around the average for both Victor Street and Daniel McIntyre. It is significantly below the Winnipeg citywide average, which is typical for older, central neighbourhoods compared to newer suburban areas.
3. What should I consider about the year it was built?
Built in 1906, the home is older than most in the city. This often means charming architectural details but also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand potential upgrade costs.
4. Is the lot size a constraint?
The 2,350 sqft lot is smaller than the neighbourhood and city averages. This means lower exterior maintenance but limited space for expansive additions, parking, or private outdoor areas. It reflects the denser, traditional layout of the community.
5. What can past sale prices tell us?
The home sold for $160,000 in 2018 and for $18,700 in 2021. The 2021 sale price is unusually low and may represent a non-arms-length transaction, such as between family members. The 2018 price is a more reliable indicator of its market value at that time.