Property Overview: 686 Simcoe Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1911, presents a classic character home opportunity in the established Daniel McIntyre neighbourhood. With 1,192 sqft of living space, it offers a practical footprint that is competitively sized for the area. The home features a basement, though it is noted as not renovated, and does not include a garage or pool.
Its primary appeal lies in its value and location. The home’s assessed value is notably below the citywide average, positioning it as an accessible entry point into the Winnipeg market or a sensible investment. While the lot size is smaller than most in the city, it is typical for the central neighbourhood, offering lower maintenance. The home suits first-time buyers seeking a character property with renovation potential, or investors looking for a stable rental asset in a central, well-connected area. A thoughtful perspective is that its older vintage (1911) ranks above average for its immediate street, suggesting it sits among the more historic homes on the block, which can be a point of charm and stability in a transitioning area.
Section 2: Frequently Asked Questions
1. What does "one & 3/4 storey" mean?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has sloped ceilings following the roofline, with full-height walls only in the center of the rooms. It offers more space than a bungalow but often with a cozier feel than a full two-storey.
2. How does the assessed value relate to the likely sale price?
The assessed value for taxation purposes ($18,800) is not a market valuation. The last recorded sale was in November 2021 for $180,000. Market price is determined by current conditions, the home's state, and buyer demand, not the municipal assessment.
3. The lot size is noted as "below average." Is this a concern?
For this specific central neighbourhood, the lot is quite typical. A smaller lot can mean less exterior upkeep and lower property taxes, which can be an advantage for buyers prioritizing location and affordability over extensive outdoor space.
4. What is the implication of the "basement, not renovated" note?
This indicates the basement is unfinished or in original condition. It presents both a project and an opportunity. Buyers should budget for potential updates and consider inspections for moisture and foundation integrity, but it also allows for customization.
5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready home with modern finishes, those requiring ample parking or a garage, or families desiring a large backyard. The value here is in the fundamentals—location, structure, and price—with the understanding that updates may be part of the ownership journey.