687 Agnes Street

Property Overview: 687 Agnes Street, Winnipeg

Key Characteristics & Appeal

This is a well-positioned two-storey home in the Daniel McIntyre neighbourhood, built in 1907. With 1,360 sqft of living space, it offers a practical layout that is above average for the immediate area. A key feature is its renovated basement, adding functional living space, and it includes a detached garage. The home sits on a 2,564 sqft lot, which is typical for the neighbourhood but smaller than the Winnipeg city average.

The primary appeal lies in its strong value within its local context. The assessed value of $250k ranks in the top 14% for Daniel McIntyre, suggesting it is considered a higher-value property in this established area. This presents an opportunity to own a solid, updated home in a central neighbourhood without the premium price tag of newer suburban developments. It would suit a first-time buyer or an investor looking for a character home with modern practicality in a central location, or someone who values being close to downtown amenities without wanting a large yard to maintain.

A less obvious perspective is that its age and above-average assessment for the area could indicate it has been better maintained or updated than many neighbouring properties, potentially offering more move-in readiness. However, the smaller lot size means outdoor space is limited, focusing the lifestyle appeal more on the home itself and the neighbourhood rather than private yard space.

Frequently Asked Questions

1. How does the assessed value compare to likely market value?
While the assessed value is $250k, recent sale history shows it sold for $240k in February 2021. Market value can differ based on current conditions, but this provides a recent benchmark.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify during a viewing to understand the quality and functionality of the additional space.

3. Is the property typical for the street and area?
The data shows it's a mix. Its living space is typical for Agnes Street, but its assessed value is significantly higher than street and neighbourhood averages, ranking in the top 9% and 14% respectively. This suggests it may offer more value or updates than many comparable homes nearby.

4. What are the implications of a 1907 build date?
Built in 1907, the home will have classic character but may also come with maintenance considerations typical of older homes, such as original plumbing or electrical systems that may have been updated. Its age is older than most city-wide averages but is typical for the historic Daniel McIntyre area.

5. How does the lot size affect the property?
At 2,564 sqft, the lot is below average for Agnes Street and significantly smaller than the Winnipeg average. This means a smaller yard, which could mean less private outdoor space but also less maintenance. The presence of a detached garage still provides off-street parking.