Property Overview: 700 Maryland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Daniel McIntyre presents a distinct profile defined by its generous proportions and notable value. Its primary appeal lies in its significant living space—at 2,240 sq ft, it ranks within the top 14% on its street and the top 1% within the neighbourhood—offering far more room than typical area homes. The property sits on a good-sized 4,006 sq ft lot and benefits from a renovated basement. A detached garage adds practical utility.
The most striking characteristic is the property's assessed value, which is markedly lower than area averages. This creates a compelling opportunity for value-conscious buyers seeking maximum square footage per dollar, or for those with renovation capital who see potential beyond the current valuation. It would suit practical buyers looking for a spacious family home in an established neighbourhood, or investors attentive to the underlying land and size value relative to the price point. The 1964 build date is also relatively modern for the area, potentially suggesting fewer concerns associated with century-old infrastructure.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
While the exact reason isn't specified, a significantly lower assessment often reflects the property's current condition, specific market factors, or the need for updates not captured in the living area or lot size metrics. It's a key point for due diligence.
2. Is the living space truly functional, or is it configured oddly?
At 2,240 sq ft, the home is exceptionally large for Daniel McIntyre. Buyers should verify the layout to ensure the space is practical for daily living and not compromised by a problematic floor plan.
3. What does "renovated basement" entail?
This term can range from cosmetic updates to full legal secondary suites or significant structural improvements. Clarifying the scope, permits, and moisture control is essential.
4. How does the 1964 build year compare to other homes here?
This is a newer build in a neighbourhood with many heritage-era homes. This can mean more modern construction techniques and systems, but it may also lack the architectural character found in neighbouring pre-1914 houses.
5. The lot is above average for the neighbourhood but below average city-wide. What does this mean?
You get a decent-sized yard for the inner-city area, which is a premium. However, it’s not an expansive suburban-sized lot. The value is in its relative spaciousness within the local context.