Property Overview & Key Characteristics
This one-and-three-quarter storey home, built in 1907, is a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,098 square feet of living space, its size is typical for the area and offers a manageable footprint. A key feature is its renovated basement, adding functional living space. The home sits on a modest 2,302 sqft lot, which is smaller than many in the city but common for the central neighbourhood.
Its primary appeal lies in its position as an accessible entry point into the central Winnipeg market. The assessed value is notably below averages for the street, neighbourhood, and city, which can indicate a more affordable asking price or potential for value growth. The home suits first-time buyers or practical investors looking for a character home without a massive footprint or yard to maintain. It’s for someone who values a central location over expansive private outdoor space and is comfortable with a home that has a history. A less obvious perspective is that a smaller, older home like this can often mean lower utility costs and property taxes compared to larger, modern counterparts, adding to long-term affordability.
Frequently Asked Questions
1. What does the below-average assessed value mean?
It indicates the city's valuation for tax purposes is significantly lower than area averages. This often translates to lower property taxes, but the sale price is determined by the market, not the assessed value.
2. Is the smaller lot size a major drawback?
It depends on your lifestyle. It means less private yard space for gardening or entertaining, but it also requires less maintenance. For many urban buyers, proximity to amenities and a central location outweighs having a large lot.
3. What should I know about a home built in 1907?
Expect character details but also the potential for older infrastructure. A thorough inspection is crucial to understand the condition of the foundation, wiring, plumbing, and roof. The renovated basement is a positive update.
4. How does the living area compare to nearby homes?
At just under 1,100 sqft, it's very close to the neighbourhood average. You're getting a standard amount of space for the area, which is typically efficient and functional rather than spacious.
5. Who might this property not suit?
It may not be ideal for those needing extensive indoor space, multiple parking spots (there is no garage), a large private yard, or who prefer a modern, maintenance-free home. It’s best for those who appreciate older homes and a central, urban lifestyle.