Property Overview
This 1940s one-storey home on Agnes Street presents a compact, renovated living space within a larger-than-average lot in the Daniel McIntyre neighbourhood. Its key appeal lies in the combination of a move-in ready, updated interior and the significant potential offered by its generous 2,524 sqft land parcel. The home itself is modest at 701 sqft, ranking it among the smaller floor plans locally, but it features a renovated basement, adding functional space. The detached garage is a practical asset.
The property would suit a first-time buyer or an investor seeking an efficient, low-maintenance home with a renovated baseline, where value is derived more from the land and location than from square footage. It also appeals to those with a vision for future expansion or garden development, given the lot size. A thoughtful perspective is that while the living area is compact, its top-tier ranking for lot size in Winnipeg (top 5%) suggests the underlying land is a substantial part of the property's value and future potential.
Key Details & FAQs
Key Characteristics & Appeal
- Efficient & Updated: A compact 701 sqft main floor paired with a renovated basement and a detached garage offers a complete, low-maintenance package.
- Land Potential: The 2,524 sqft lot is a standout feature, significantly larger than most in Winnipeg, providing outdoor space and future possibilities.
- Value Profile: The assessed value is strong for its size, indicating the renovations and lot are recognized. It sits in a mid-range position for the immediate street but in the top quarter for the broader neighbourhood.
- Ideal Buyer: Best suited for pragmatic first-time homeowners, downsizers, or investors who prioritize a renovated condition and land assets over sheer interior size. It's for those who see potential in the parcel itself.
Frequently Asked Questions
1. Is the house too small at 701 sqft?
While compact, the renovated basement adds functional living space. The floor plan is efficient, and the generous lot size provides room for decks, gardens, or storage sheds to extend living areas outdoors.
2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify finishes or rooms. This should be verified in-person to understand the quality, layout, and whether it includes legal egress or secondary living space.
3. How does the lot size impact value?
A lot in the top 5% for size in Winnipeg is a significant asset. It offers immediate outdoor utility and long-term potential for additions or landscaping that smaller lots cannot accommodate, which is often reflected in value stability.
4. The home was built in 1940. What should I be concerned about?
While updated, a home of this age may still have original components like the roof, foundation, or plumbing. A thorough inspection is crucial to understand what the renovation did and did not cover.
5. How does this property compare to others on the street?
It has a newer build year than about 90% of homes on Agnes Street, but a smaller living area than most. Its value is competitive, sitting in the middle of the pack for the street but higher than many in the wider neighbourhood, likely due to its updated condition and lot.