Property Overview
This 768 sqft one-storey home, built in 1908, is a compact character property on a 2,359 sqft lot in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in its balance of historic charm and practical updates, notably a renovated basement. The home is smaller than most in the area, but its lot size is above average for its immediate street, offering valuable outdoor space relative to nearby houses. With a detached garage and a recently low sale history, it presents as an affordable entry point into the market.
This property would suit a first-time buyer, an investor, or someone seeking a low-maintenance footprint without sacrificing a traditional neighbourhood feel. Its scale is manageable, and the renovated basement adds functional living space. A buyer should be comfortable with the upkeep of an older home and value lot size over interior square footage.
Key Details & FAQs
Key Characteristics & Appeal
- A Compact Character Home: Built in 1908, this one-storey house offers historic charm in a modest 768 sqft package. It's notably smaller than area averages, prioritizing a cozy, efficient layout over spaciousness.
- Land Value & Outdoor Potential: The 2,359 sqft lot is a standout feature, ranking above average for Toronto Street. This provides a valuable asset of private outdoor space, which is less common on older inner-city streets.
- Modernized Practicality: The home includes a renovated basement, adding crucial functional living or storage space, and a detached garage for parking or workshop use.
- Ideal Buyer Profile: This home is a practical fit for a first-time homebuyer seeking an affordable entry into a established neighbourhood, an investor looking for a character rental, or a downsizer wanting a manageable property with a decent yard.
Frequently Asked Questions
1. Is the house in good condition given its age?
The property listing confirms a renovated basement, which is a positive sign of updated infrastructure. However, as a home built in 1908, a prospective buyer should budget for and expect ongoing maintenance typical of a century-old structure, and a thorough inspection is essential.
2. Why is the assessed value significantly lower than city averages?
The assessed value reflects the home's smaller size, older age, and specific market conditions of the Daniel McIntyre area compared to the wider city. It indicates a more accessible price point, which is consistent with its last known sale price.
3. How does the lot size benefit me if the house is small?
The above-average lot for the street offers valuable flexibility. It provides more private yard space than neighbours, room for gardening, entertaining, or future outdoor upgrades like a deck or shed, which can offset the compact living area.
4. What is the neighbourhood like?
Daniel McIntyre is a mature, inner-city Winnipeg neighbourhood. It typically offers a mix of residential character homes, local amenities, and good connectivity. Researching specific blocks and nearby amenities is recommended to ensure it fits your lifestyle.
5. Are the property taxes likely to be low?
While not a guarantee, the historically low assessed value suggests a correspondingly lower property tax burden compared to newer or larger homes in the city. This can be a significant factor in overall affordability.