Property Overview: 662 Simcoe Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one and three-quarter storey home, built in 1907, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,200 sqft of living space and a 2,584 sqft lot, its metrics are consistently average to above-average for its immediate street and area, suggesting it fits comfortably within the context of this established community. The home features a basement, but it is noted as not being renovated. There is no garage or pool.
The primary appeal lies in its location and solid fundamentals. It suits a buyer looking for a home with historic charm in a central neighbourhood, who is comfortable with a property that may require updates over time. The lot size is a notable asset for the area, offering typical outdoor space. This property would likely attract first-time homeowners, value-oriented investors, or downsizers seeking a manageable footprint without leaving the city's core. A thoughtful perspective is that its "average" rankings within the neighbourhood are a strength, not a drawback—it indicates a stable, predictable value proposition without the premium or the extreme project-level challenges of other homes.
Section 2: Frequently Asked Questions
1. What does "one and three-quarter storey" mean?
This is a common architectural style in Winnipeg. It typically means the second floor has full-height ceilings in the center of the house, with sloped ceilings (created by the roof line) in the perimeter rooms, often containing cozy bedrooms or nooks.
2. The assessed value seems very low compared to the 2020 sale price. Why?
Municipal assessed value in Manitoba is for tax purposes and is often significantly lower than market value. The 2020 sale price of $190k is a far better indicator of the home's actual market worth.
3. What is the implication of the "basement, not renovated" note?
It suggests the basement is functional but may retain original or older finishes, mechanical systems, and layout. Buyers should budget for potential updates to insulation, moisture management, or living space modernization.
4. How does this home compare city-wide?
While it ranks average in its local area for size and value, its lot size and age place it in the top 6-7% oldest and smallest lots city-wide. This highlights its position as a classic inner-city property, contrasting with newer, larger-lot suburban homes.
5. What can nearby sales tell us?
The listed nearby property at 690 Simcoe (sold 3/2020 for $190k) is a direct comparable. Being similarly aged but with slightly less living space and a lower assessed value, it helps confirm the general value range for well-maintained character homes on this street.