Property Overview: 711 Home Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home in the Daniel McIntyre neighbourhood, built in 1912. With 1,271 sqft of living space, it offers a comfortable footprint that is notably above average for the area. Its primary appeal lies in its established location and the character inherent to a century-old home, presenting a solid foundation for comfortable living or a personalized renovation project.
The home suits practical, value-oriented buyers. It would be a strong fit for a first-time homeowner comfortable with a property that may require updates, as the basement is noted as unrenovated. It also appeals to those seeking an entry point into a central Winnipeg neighbourhood without a premium price tag, as evidenced by its below-average citywide assessed value. The lot, while smaller than many across the city, is typical for the area, offering manageable outdoor space.
A thoughtful perspective for this property is to view its 1912 build date not just as an age, but as an indicator of its place in the community's history and its construction during an era of durable materials and distinct architectural styles. Its above-average living space for Daniel McIntyre suggests a home that was once, and could again be, a spacious family dwelling in a convenient location.
Frequently Asked Questions
1. What is the true condition of the home?
The listing explicitly notes the basement is not renovated. Given the age of the home, prospective buyers should budget for potential updates to major systems (like plumbing, electrical, or heating) and anticipate character-home maintenance. A thorough home inspection is essential.
2. Why is the assessed value so much lower than the citywide average?
The assessed value is based on municipal valuation for tax purposes and is heavily influenced by the home's age, condition, and the generally more affordable property values in central neighbourhoods like Daniel McIntyre compared to newer suburban areas.
3. What are the implications of the lot size?
At 2,498 sqft, the lot is manageable for low-maintenance landscaping. It is below average for the immediate street, which may limit expansion possibilities or the addition of large outdoor structures, but is typical for the dense, walkable Daniel McIntyre area.
4. How does the recent sale price compare?
The home sold in August 2023 for $17,500. This is significantly below its current assessed value of $19,600, which may indicate a prior sale under unique circumstances (such as a non-arms-length transaction). It is crucial to analyze current market conditions rather than relying on that sale price.
5. What is the neighbourhood like?
Daniel McIntyre is a mature, central Winnipeg neighbourhood known for its character homes, cultural diversity, and convenient access to amenities, schools, and downtown. The property's rankings show it is a very typical home for this specific community in terms of size, value, and age.