Property Overview: 644 Maryland Street
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and location within Winnipeg's Daniel McIntyre neighborhood. Its primary appeal lies in its efficient use of a generous lot and its relative affordability in the broader city context.
The 1,404 sqft living area is notably spacious for the immediate neighborhood, ranking in the top 17% locally, offering more room than many nearby homes. It sits on a 3,505 sqft lot that is also larger than most in the area. This combination suggests a home with comfortable interior space and a decently sized outdoor area for its community setting.
Built in 1905, the property is typical for its street but is one of the older homes in the wider city. This often appeals to buyers who appreciate classic character and established neighborhoods. The most striking feature is its value proposition: with an assessed value significantly below both the city and neighborhood averages, it represents an accessible entry point into the market. This profile suits first-time buyers, value-conscious investors, or those seeking a character home with room to grow without a premium price tag, especially if they are willing to consider properties that may benefit from updates.
Frequently Asked Questions
1. Is the assessed value the same as the selling price?
No. The assessed value is for municipal tax purposes. The selling price is determined by the current market and can be higher or lower.
2. What does "Below Average" assessed value mean for property taxes?
Generally, a lower assessed value relative to similar homes can lead to lower municipal property taxes, which is a financial advantage for the owner.
3. The home is older than most in the city. What should I consider?
While offering classic charm, an older home may have outdated systems (like plumbing or electrical) or require more maintenance. A thorough inspection is essential to understand the condition and potential future investments needed.
4. The lot size is "Above Average" for the neighborhood but "Below Average" city-wide. What's the practical impact?
This means you likely have more private outdoor space than your immediate neighbors, which is a local perk. However, compared to newer suburban developments with larger lots, the yard will be more modest.
5. How significant is the living area being larger than the neighborhood average?
It's a key advantage. It suggests the home may feel more spacious or have a better layout than many comparable properties in the area you're considering, offering more functional space for your budget.