Property Overview
This one-storey home at 712 Toronto Street in Winnipeg's Daniel McIntyre neighbourhood presents a specific and compelling value proposition. Its appeal lies in a combination of updated practicality, a strong relative assessment, and an efficient footprint in a central location.
Key Characteristics & Suitability
The home's key characteristic is its efficient, renovated living space of 890 sqft, which is modest compared to area averages but offers modern livability without excess. This is complemented by a renovated basement, adding functional space, and a detached garage. The standout data point is its assessed value of $22,90k, which ranks significantly above average for both Toronto Street and the Daniel McIntyre area, suggesting strong value retention for its category. The lot, while smaller than city averages, is typical for the central neighbourhood.
Its appeal is grounded in affordability, low-maintenance living, and a central location. It suits first-time buyers seeking an entry into the market with recent renovations already complete, downsizers looking to rightsize into a manageable single-level home with a garage, or pragmatic investors attracted by the favourable assessment metrics and the area's steady demand. A less obvious perspective is that a home with a smaller footprint and above-average assessment can represent a financially efficient choice—lower utility and maintenance costs paired with a solid municipal valuation basis.
Frequently Asked Questions
1. Is the living space too small?
At 890 sqft, the living area is below the neighbourhood average. However, the renovated basement provides additional functional space. This layout is ideal for individuals, couples, or small families who prioritize efficient living and lower upkeep.
2. Why is the assessed value so high relative to the home's size?
The assessment ranking well above local averages likely reflects the recent renovations, the desirable detached garage, and the overall condition and desirability of properties on this specific street compared to the wider area.
3. What is the neighbourhood like?
Daniel McIntyre is a mature, central Winnipeg neighbourhood. It offers convenience and character, with typically smaller lots and a mix of historic and updated homes. Prospective buyers should explore the specific block and surrounding amenities to gauge its fit.
4. What does "rank" and "top X%" mean in the metrics?
These compare this home against similar properties. For example, a "Top 17%" rank for assessed value on its street means it is valued higher than 83% of comparable homes nearby, indicating a strong relative position in that specific market.
5. Are the recent sale prices on the page for identical homes?
The listed nearby sales (like 673 Toronto St.) are for general comparison within Daniel McIntyre. They are not identical homes but provide a benchmark for sale prices in the immediate vicinity, which should be considered alongside this property's specific features and assessment.