Property Overview: 680 Home Street, Winnipeg
Key Characteristics & Appeal
This is a classic, two-storey home built in 1909, offering a blend of established neighbourhood character and practical fundamentals. With 1,295 sqft of living space and a 2,515 sqft lot, its size is comfortably average for the Daniel McIntyre area, making it a sensible choice rather than an extravagant one. The home features a detached garage and an unrenovated basement, presenting a straightforward canvas.
Its primary appeal lies in its positioning within a mature, central Winnipeg community. The property represents a solid entry point into the housing market or a practical home for those who value location over luxury. It suits first-time buyers comfortable with a home that may need gradual updates, or investors looking for a character property with rental potential in a stable neighbourhood. A thoughtful perspective is that its "average" metrics within the immediate area are actually a strength, indicating it's a typical property for the block without the premium or the pitfalls of an outlier, which can simplify valuation and future resale.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing specifies the basement is "not renovated." Prospective buyers should plan for a professional inspection to understand the state of the foundation, plumbing, electrical, and moisture control, as this will be a key factor in budgeting for future use or updates.
2. How does the 2018 sale price compare to the current assessed value?
The home sold for $160,000 in January 2018. Its current assessed value is $200,000. This difference highlights market movement over six years, but the sale price remains a critical data point for understanding the home's price history in current negotiations.
3. Is the lot size a limitation?
At 2,515 sqft, the lot is smaller than the Winnipeg citywide average but typical for the Daniel McIntyre area. It provides adequate outdoor space for a garden or patio but may not suit those seeking extensive yard space. The detached garage still offers valuable storage or parking.
4. What are the implications of the home's age?
Built in 1909, the home's charm comes with considerations. While systems like roofing or windows may have been updated over time, buyers should be prepared for the maintenance needs of a century-old structure and investigate the history of major updates.
5. How does this property rank for value in the broader city?
The assessed value of $200k ranks in the top 92% citywide, meaning it is valued lower than the vast majority of Winnipeg homes. This underscores its role as an affordable option within the city limits, not just the neighbourhood, for buyers prioritizing budget.