Property Overview
This two-storey home at 589 Home Street in Winnipeg's Daniel McIntyre neighbourhood presents a practical opportunity in a central location. Built in 1907, its 1,200 sqft of living space sits comfortably within the average range for both the immediate street and the broader area. A key feature is the renovated basement, adding valuable finished space. The property sits on a 2,501 sqft lot, which is typical for the neighbourhood but smaller than the citywide average. Its appeal lies in its established community setting, updated living space below grade, and a position that offers a balance between urban proximity and neighbourhood character. It would suit a first-time homebuyer or a practical investor looking for a character home without the largest lot size, who values being within a mature, walkable area over newer suburban amenities.
Key Details & FAQs
Key Characteristics:
- Type & Size: A two-storey house with 1,200 sqft of living space and a renovated basement.
- Lot: A 2,501 sqft lot, consistent with the neighbourhood standard.
- Location: Situated on Home Street in the Daniel McIntyre neighbourhood, a central Winnipeg community.
- Context: The home is older (built 1907) and sits on a smaller lot by city-wide standards, but its living space and assessed value are competitive within its immediate area. It represents a classic Winnipeg neighbourhood profile.
Who It's For:
This home's practical appeal is for buyers seeking an entry point into a character-filled neighbourhood. It suits those who prioritize a renovated living space and location over a large yard or a newer build. A thoughtful perspective is that while its city-wide rankings for lot size and age are lower, it performs more strongly within its own community, suggesting it's a typical and reasonably maintained property for Daniel McIntyre. It’s a home for someone comfortable with the trade-offs of an established area.
Frequently Asked Questions
1. Is the house in good condition given its age?
While the home was built in 1907, the listing specifically notes the basement has been renovated. This suggests updates have been made, but a thorough inspection is recommended to understand the condition of the main structure, roof, wiring, and plumbing.
2. How does the assessed value compare to the recent sale price?
The property was last sold in April 2023 for $23.10k. Its current assessed value is $22.70k, indicating the assessment is closely aligned with that recent sale price.
3. What is the parking situation?
The listing specifies there is no garage. Parking would likely be via on-street permits or a driveway, if one exists. This is a common feature for older homes in central neighbourhoods.
4. The lot seems small compared to the city average. Is that a concern?
The lot is below the city-wide average but is actually around the average for both Home Street and the Daniel McIntyre area. This is not unusual for inner-city neighbourhoods and means lower maintenance, but also less private outdoor space.
5. Are the property taxes likely to be high?
With an assessed value significantly below the city-wide average, the property taxes should be comparatively lower than those for an average-priced Winnipeg home. However, taxes are also influenced by local municipal mill rates.