Property Overview
This 1903 one-storey home in Daniel McIntyre presents a classic Winnipeg character property with notable potential. Its appeal lies in a combination of a large, well-sized lot and a central location, balanced against the need for updates. The 4,256 sqft lot is a significant asset, ranking in the top 4% of the neighbourhood for size, offering ample outdoor space rare for the area. The 972 sqft living area is modest but typical for the home's era. A key point of consideration is the property's exceptionally low assessed value, which places it in the bottom 1% city-wide. This suggests it may be suited for a specific buyer: an investor or hands-on homeowner looking for a foundational property in a central neighbourhood, willing to undertake a renovation or expansion project. The existing, unrenovated basement and detached garage add functional potential. It’s a property where the value is primarily in the land and location, ideal for someone with a vision to restore or reimagine it, rather than a buyer seeking a move-in-ready home.
Frequently Asked Questions
What does the very low assessed value indicate?
It primarily reflects the property's current condition and the need for significant modernization. It can represent a lower property tax burden initially, but it also underscores that the home's value is largely in the land, not the existing structure.
Is the large lot size a major advantage?
Yes. A lot of this size (top 4% in the neighbourhood) is uncommon and offers flexibility. It provides space for gardening, expansion, adding a suite (subject to zoning), or simply more privacy than typical inner-city lots.
What should I know about the neighbourhood, Daniel McIntyre?
It's a mature, central neighbourhood with a mix of historic homes and newer infill. Its appeal is proximity to downtown, The University of Winnipeg, and amenities. It's dynamic and walkable, but as with any central area, street-by-street character can vary.
The home is 123 years old. What are the implications?
Expect character features but also the potential for aging mechanical systems (plumbing, electrical) and a need for insulation and efficiency upgrades. A thorough inspection is essential to understand the scope of work needed to make it comfortable and modern.
How useful are the "rankings" provided?
They offer helpful context. For instance, the lot ranks very high, while the assessed value ranks very low. This contrast clearly highlights the property's profile: a valuable piece of land with a home that currently adds little to its financial assessment, framing it as a project with underlying equity.