Property Overview: 611 Toronto Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey character home built in 1905, situated on a notably generous lot for its central Daniel McIntyre neighbourhood. With 765 sq ft of living space, the home is smaller than most in the city, but it features a renovated basement, adding functional space. Its assessed value is modest relative to Winnipeg as a whole, positioning it as an accessible entry point into the market.
The primary appeal lies in its land value and location. The lot of 2,537 sq ft ranks well above average for Toronto Street, offering rare potential for expansion, gardening, or outdoor living in a mature inner-city area. The home suits first-time buyers or practical investors seeking a lower-cost footprint with the upside of the lot itself. It’s for those who value location and land size over square footage, and who are comfortable with a home whose historical charm comes with the maintenance considerations of a 121-year-old structure.
Frequently Asked Questions
1. Is the house significantly smaller than others in the area?
Yes. At 765 sq ft, the living area is below the average for both Toronto Street and the wider Daniel McIntyre neighbourhood. This indicates a cozy, efficient layout.
2. What does the assessed value tell me about this property?
Its assessed value is around average for its immediate street and neighbourhood, but is well below the citywide average. This typically suggests a more affordable purchase price, with property taxes likely based on that lower assessment.
3. How does the lot size compare?
This is a standout feature. The lot is larger than most on Toronto Street, offering more outdoor space than many comparable inner-city properties.
4. What should I consider about the age of the home?
Built in 1905, it is older than most homes in Winnipeg. While it may have character, a thorough inspection is essential to understand the condition of its original components, like foundation, wiring, and plumbing.
5. Are the nearby "similar" properties actually comparable?
The listed properties with similar assessed values are often condominiums (e.g., on Oakdale Drive). This highlights that for the price of a condo, you could own a detached house here—but with the full maintenance responsibilities that come with an older, detached property.