Property Overview: 653 Home Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home in the Daniel McIntyre neighbourhood, built in 1909. With 1,220 square feet of living space, it offers a comfortable size that is quite typical for its immediate street and area, providing a sense of proportion and community fit. The property includes a detached garage and a full, unrenovated basement, presenting a blank canvas for storage or future development.
Its primary appeal lies in its established location and practical layout. The home sits on a 2,500 sqft lot, which is manageable for upkeep while still offering private outdoor space. From a value perspective, the home’s assessed value is notably lower than the Winnipeg citywide average, which can translate into relatively lower property taxes—a significant, long-term financial consideration often overlooked. This is a property for pragmatic buyers: first-time homeowners seeking an entry point into a mature neighbourhood, or investors looking for a character home with solid rental potential. It suits those comfortable with a home that has history and may benefit from gradual updates, rather than someone seeking a move-in-ready, modernized space.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This style typically features a main floor and a second floor where the ceilings slope with the roofline, often creating cozy bedrooms with character. It’s a common architectural style for Winnipeg homes of this era.
2. The assessed value seems very low compared to the city average. Why is that?
The assessed value is for municipal tax purposes and is based on a mass appraisal system. It reflects the home’s value relative to similar properties in its specific area and category, not necessarily the current market sale price. A lower assessment generally means lower annual property taxes.
3. How does the unrenovated basement affect the home's utility?
An unrenovated basement offers functional space for laundry, utilities, and storage. It also represents a clear opportunity for future finishing to add living space, but any renovation would need to consider the age of the home and potential updates to plumbing, electrical, or insulation.
4. Is the living area of 1,220 sqft sufficient for a family?
This is a subjective measure, but the size is comparable to many homes in the Daniel McIntyre area. It typically allows for two to three bedrooms and common living areas, making it suitable for a small family, a couple, or roommates.
5. The home last sold in January 2019. What should I consider?
A sale five years ago suggests the current owners have had a stable tenure. It’s wise to investigate what, if any, updates or maintenance have been completed during that period, as this can influence both the home's condition and its current market value.