709 Home Street

Property Overview: 709 Home Street, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1912, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,176 sqft of living space, it sits comfortably within the average range for both the immediate street and the broader area, offering a practical layout without being oversized. Its assessed value is notably modest, placing it well below the citywide average, which suggests a potentially accessible entry point into the market.

The primary appeal lies in its position as a straightforward, no-frills home in an established community. It suits first-time buyers or pragmatic investors looking for a footprint in central Winnipeg without a premium price tag. The lot, while smaller than many across the city, is typical for the neighbourhood. A key, less obvious perspective is its relative age: built in 1912, it is actually older than most homes on its own street, which may appeal to those specifically seeking the architectural character of the early 20th century. The unrenovated basement and lack of a garage indicate this is a property for those willing to take on projects or who prioritize location and fundamentals over modern conveniences.

Section 2: Frequently Asked Questions

1. What does the assessed value tell us about the property tax?
The assessed value is significantly lower than the home's last sale price in 2016. Property taxes are based on this assessed value, not market sale prices, which could result in relatively lower annual taxes compared to newer homes in suburban areas.

2. How does the lot size impact potential use?
At 2,498 sqft, the lot is compact. This means lower maintenance but also limits possibilities for large additions, detached garages, or extensive landscaping. It's a typical urban lot for the area, best suited for simple outdoor living.

3. The home is noted as having an unrenovated basement. What should I consider?
This indicates the basement is likely in original or functional condition, not modernized. Buyers should budget for potential updates, moisture management, and should have a thorough inspection to understand the condition of foundational elements common in homes of this era.

4. How does this home compare to others in Daniel McIntyre?
The data shows it is very average for the neighbourhood in terms of size, value, and lot. It’s not a standout in any metric, which can be positive—it means the pricing should be in line with community norms, offering a typical example of housing stock in this part of Winnipeg.

5. The home last sold in 2016. Is that recent sales history relevant?
While market conditions have changed, the 2016 sale price provides a historical benchmark. The substantial difference between that sale price and the current assessed value highlights how assessed value for taxation purposes often lags behind and operates independently of market fluctuations.