698 Toronto Street

Property Summary: 698 Toronto Street, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 2017, stands out as a distinctly modern property in the historic Daniel McIntyre neighbourhood. Its key appeal lies in offering a turnkey, low-maintenance living experience within a character-filled area. With 1,350 sqft of living space, it provides more room than most comparable homes on its street and in the immediate area. The home's assessed value of $300k ranks in the top 4% locally, reflecting its premium position as a newer construction. It sits on a standard city lot with a detached garage.

This property is ideally suited for buyers who want the charm and central location of an established neighbourhood but without the renovation projects or upkeep concerns common with century-old homes. It would particularly appeal to professionals seeking a modern interior, small families wanting move-in-ready space, or investors looking for a newer asset with potentially lower immediate maintenance costs in a high-demand rental area. A thoughtful perspective is that this home offers a rare compromise: you gain the community vibe and mature streetscape of Daniel McIntyre while sidestepping the hidden costs and surprises often associated with the area's much older housing stock.

Frequently Asked Questions

1. How does the assessed value compare to likely market value?
While the $300k assessment is elite for the local area, it is below the city-wide average. This suggests the home may be valued for its modern amenities within a more moderately priced neighbourhood, potentially offering good value relative to newer homes in suburban developments.

2. What does the 2017 build year mean for maintenance?
As a home only 9 years old, major systems like roofing, plumbing, HVAC, and windows are likely still under or just beyond their typical warranty periods, offering significant peace of mind and predictable costs for the next decade.

3. The home sold for $28,100 in 2017. What does that indicate?
This very low sale price coinciding with the build year strongly suggests the property was a new construction sale from a developer to a first owner, essentially confirming it has had only one occupant since being built.

4. Is the living space configuration typical for a two-storey?
At 1,350 sqft, the living area is above average for the area. In a modern two-storey, this often translates to more open-concept main-floor living and larger bedroom sizes compared to older, segmented floor plans with similar square footage.

5. How does the lot size impact the property?
The lot is a standard city size for the neighbourhood. While smaller than newer suburban lots, it provides manageable outdoor space with less yard work. The ranking indicates it is a good-sized lot for this specific, centrally located area.