Property Summary: 633 Maryland Street, Winnipeg
Key Characteristics & Appeal
This is a classic, two-storey home built in 1905 in the Daniel McIntyre neighbourhood. With 1,165 sqft of living space and a 3,073 sqft lot, it presents a practical footprint. The home features a detached garage and an unrenovated basement, indicating potential for customization.
Its primary appeal lies in its position as a grounded, no-frills property in a central location. The assessed value is notably below both neighbourhood and city averages, suggesting a potentially accessible entry point into the Winnipeg market. While the living area is modest for the immediate street, the lot size is above average for Daniel McIntyre, offering valuable outdoor space relative to many area homes. This combination suits first-time buyers, practical investors, or those seeking a character home without a premium price tag, who are comfortable with a property that may require updates over time.
Frequently Asked Questions
1. What does the assessed value tell us about the property?
The assessed value is significantly lower than average for both the neighbourhood and the city. This typically reflects the home’s age, condition, and modest size, not necessarily its market sale price. It can indicate lower property taxes, but a sale price is determined by the current market.
2. Is the living space sufficient for a family?
At 1,165 sqft, the living area is functional but compact. It would best suit a small family, a couple, or a single buyer. The above-average lot size for the neighbourhood provides valuable room for expansion or outdoor living, which can offset the smaller interior.
3. What should I know about the “unrenovated basement”?
This means the basement is in its original or utilitarian state, lacking modern finishes. It offers functional space for storage, laundry, or mechanicals, but also represents the most clear opportunity for future investment and added value, subject to moisture checks and feasibility.
4. How does this property compare to others on the street?
The home has a smaller living area and lot size compared to the average on Maryland Street itself. However, within the broader Daniel McIntyre neighbourhood, its lot size is actually above average. This highlights a trade-off: a more modest home on a desirable street, with the land itself being a key asset.
5. The home last sold in 2016. What does that imply?
A sale eight years ago suggests the current owners have had a stable tenure. It also means the property hasn’t been frequently flipped, which can be positive. However, it also indicates that major systems (roof, furnace, etc.) may be nearing or due for routine review or replacement, which should be factored into planning.