Property Summary: 700 Simcoe Street, Winnipeg
Section 1: Overview & Appeal
This one-and-three-quarter storey home in Daniel McIntyre, built in 1905, presents a classic character property with solid fundamentals. Its key appeal lies in its established neighborhood setting and above-average space for the immediate area. With 1,230 sqft of living area, it offers more room than many comparable homes on Simcoe Street and in the wider neighborhood. The property sits on a standard city lot and features a basement, though it is noted as not being renovated.
The home’s assessed value is notably higher than many on its street, which can indicate perceived stability or desirable attributes not captured in basic metrics. However, its age means buyers should be prepared for the maintenance and potential updating typical of a century-old house. It would suit a practical buyer who values character, established communities, and more interior space over a large yard or modern construction. It’s a candidate for those comfortable with a project, whether immediate or over time, and who prioritize location and square footage within a budget.
Section 2: Frequently Asked Questions
1. What does "above average" for assessed value on the street indicate?
It suggests the property is officially valued higher than most of its direct neighbors. This can reflect its larger living area, lot characteristics, or condition relative to nearby homes, but it doesn't automatically predict market sale price.
2. The home is 121 years old. What should I consider?
While offering charm, age necessitates a focus on major systems: roof, foundation, plumbing, electrical, and insulation. The unrenovated basement warrants particular attention for moisture control and potential for finishing.
3. How does the lot size compare?
The land area is fairly typical for the Daniel McIntyre neighborhood. This means standard backyard potential but less private space than you’d find in suburban areas. It aligns with the expectation for an inner-city, character home.
4. Who might this property not suit?
Buyers seeking a move-in-ready home with modern, open-concept layouts or those wanting extensive outdoor space or a garage may find this property a mismatch. It appeals to those with a vision for gradual updates.
5. How useful are the comparisons to recently sold nearby homes?
Homes like 690 Simcoe and 804 Home Street provide relevant benchmarks for size, age, and value in the same neighborhood. They are helpful for gauging general market activity, but differences in condition and layout mean final values can vary significantly.