Property Overview: 656 Toronto Street, Winnipeg
Key Characteristics & Appeal
This two-storey home in Daniel McIntyre offers a blend of historic charm and practical updates. Built in 1913, it features a generous 1,310 sqft of living space, which is notably above average for both the immediate street and the neighbourhood. A key feature is the renovated basement, adding functional living area. The home sits on a 2,320 sqft lot, which is compact relative to city-wide averages but typical for the central, established area.
Its primary appeal lies in its strong value proposition within a desirable inner-city community. The assessed value and recent sale price position it well above average for Toronto Street and Daniel McIntyre, suggesting a premium for its condition, size, or location on the block, while remaining accessible compared to the wider city market. This home would suit a buyer looking for character and space without a lengthy commute, who values a renovated basement for extra living room, a home office, or rental potential. It’s a practical choice for someone comfortable with a smaller urban lot and the upkeep of a century-old home, in exchange for being part of a vibrant, walkable neighbourhood.
Frequently Asked Questions
1. How does the lot size impact the property?
While the land area is below average for the city, it is more in line with the scale of older, central neighbourhoods. This means lower exterior maintenance but limited space for extensive additions or sprawling outdoor amenities. The appeal here is the home itself and the location, not a large yard.
2. The assessed value seems low compared to the sale price. Why?
Municipal assessed value for tax purposes often lags behind current market values, especially in rapidly evolving areas or following significant renovations. The consistent premium of this home’s sale price over its assessed value—and over neighbourhood averages—indicates the market recognizes attributes not fully captured in the assessment.
3. What does the "above average" living area ranking mean for daily life?
Ranking in the top 19% on its street for size means you get more interior space than most nearby homes. For a growing family, remote workers, or entertainers, this extra square footage within a classic two-storey layout is a significant practical advantage in this location.
4. Are there any concerns with a home built in 1913?
While the renovated basement is a plus, prospective buyers should prioritize a thorough inspection. A home of this age may have original components—like wiring, plumbing, or the foundation—that require evaluation or future updating, even if the core structure is sound.
5. How stable is the property value on this street?
The data shows that homes on Toronto Street, particularly those with above-average size and condition like this one, have commanded values significantly higher than the Daniel McIntyre neighbourhood average. This suggests a stable and desirable micro-market within the larger community.