Property Overview: 677 Agnes Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1907, offers a classic footprint with 1,332 sqft of living space on a standard city lot. Its key appeal lies in its established Daniel McIntyre neighbourhood location and its relative size, which is above average for the immediate area. The home presents a straightforward opportunity: it's a property with a very low municipal assessed value, indicating a potentially accessible entry point into the Winnipeg market. The basement exists but is noted as not renovated, and there is no garage or pool.
This property would best suit a practical buyer who values location and space over turn-key condition. It’s a candidate for an investor looking for a rental property with a fundamental structure in place, or for a hands-on homeowner willing to take on updates over time. A less obvious perspective is that its older vintage (pre-1915) ranks well on its street, suggesting it may have retained more original character or a sturdier build than some neighbouring homes. However, the city-wide comparisons clearly show it is an older, smaller-lot property in the broader context, appealing to those seeking urban simplicity rather than suburban expanse.
Section 2: Frequently Asked Questions
1. What does "assessed value" mean, and why is it so much lower than typical city homes?
The assessed value is set by the municipal government for property tax purposes and is not the same as market value. This home's assessed value is very low compared to the Winnipeg city average, which generally reflects the property's age, location, and the specific valuation model used for taxes.
2. Is the house livable in its current state?
The listing confirms the home has a basement but that it is not renovated. While no major issues are specified, the note suggests the property likely requires updates and that a thorough inspection would be essential to understand the full scope of work needed.
3. How does the living space compare to nearby homes?
At 1,332 sqft, this home offers more living area than many comparable properties in the Daniel McIntyre neighbourhood, where the average is around 1,142 sqft. This relative size advantage is a key feature.
4. What is the history of sale prices for this home?
Available data shows the property sold for $16,400 in June 2022 and $14,500 in June 2021. This recent sales history should be reviewed with a real estate professional to understand market trends and factors influencing those prices.
5. Are there any obvious major costs to anticipate?
Given the age of the home (built 1907) and the unrenovated basement, buyers should proactively budget for potential updates to major systems like plumbing, electrical, or the foundation. The lack of a garage should also be factored into planning and budgeting.