Property Overview: 652 Toronto Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Daniel McIntyre presents a compelling mix of modernity and value. Its key characteristic is its 2009 build date, making it a notably newer construction compared to most homes on its street and in the wider neighbourhood. This suggests potentially lower maintenance costs and more contemporary building standards. The living space of 1,080 sq ft is practical and in line with area averages.
The primary appeal lies in its strong value proposition within its immediate context. The home's assessed value ranks highly compared to its direct neighbours, indicating it is viewed as a premium property on Toronto Street. This creates an interesting dynamic: you're acquiring one of the newer, more highly assessed homes on the block. The renovated basement adds functional living space.
This property would suit a first-time homebuyer or pragmatic investor seeking a relatively modern, turn-key home without a suburban price tag. It’s for someone who values being in an established inner-city neighbourhood like Daniel McIntyre but prefers the conveniences of a newer build. The smaller land area (2,320 sq ft) means less yard upkeep, aligning with a low-maintenance lifestyle.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much higher than nearby homes?
The significantly newer construction date (2009 vs. early 1900s for many neighbours) is the primary driver. Assessed value considers factors like age, condition, and improvements, so a modern home with a renovated basement naturally commands a higher valuation than century-old properties.
2. What does "below average" land area mean for me?
The lot is smaller than many in the city, but is fairly typical for the central Daniel McIntyre area. This means a more manageable yard for maintenance, but less private outdoor space. It reflects the neighbourhood's denser, traditional character.
3. How significant is the 2009 build year?
Very. In a neighbourhood where most homes are over a century old, a 2009 build is a major differentiator. It typically implies modern insulation, electrical, plumbing, and building codes, which can translate to energy efficiency and fewer major system upgrades in the near term.
4. The home sold in 2021 for $27,500. Why is that price so different from the assessed value?
The 2021 sale price appears to be an outlier and not reflective of current market value. It may have been a non-arms-length transaction (e.g., between family members) or sold with specific conditions. The current assessed value is a more reliable indicator of its municipal valuation for tax purposes.
5. Is this a good investment for the area?
Its newer construction positions it as a potentially more resilient asset in the neighbourhood, likely appealing to future buyers seeking modern comforts. However, its value is closely tied to the ongoing revitalization and desirability of the Daniel McIntyre area as a whole, so local neighbourhood trends should be considered.