Property Overview & Key Characteristics
This two-storey home at 726 Simcoe Street presents a classic, no-frills opportunity in Winnipeg's Daniel McIntyre neighbourhood. Built in 1905, its 1,056 sqft living space is squarely average for the area, offering a practical footprint. The property’s standout feature is its 2,741 sqft lot, which is notably larger than many on its street, providing valuable outdoor space or future potential in a mature community. It has a basement, but it is not renovated, and there is no garage or pool.
The primary appeal lies in its position as an affordable entry point into the market. With a currently assessed value significantly below area and city averages, it represents a lower barrier to entry. This suits first-time buyers, investors looking for a rental property, or hands-on individuals comfortable with a home that may require updates. Its charm is functional rather than luxurious, offering a chance to build equity in a well-located, character neighbourhood.
Frequently Asked Questions
1. What does "below average" assessed value really indicate?
It primarily signals a lower municipal tax assessment, which can mean lower property taxes. It often reflects the home's age, condition, and specific market dynamics rather than just its potential market sale price.
2. How significant is the larger lot size?
In an older neighbourhood where lots are often subdivided, an above-average lot is a tangible asset. It provides more private outdoor space than neighbours might have and could be a factor for future expansion, subject to zoning.
3. What should I expect with a 1905-built home?
You can expect character but should budget for ongoing maintenance. While systems may have been updated over time, the age suggests potential for older wiring, plumbing, or insulation that may need attention. A thorough inspection is essential.
4. The basement is noted as "not renovated." What are the implications?
This typically means the basement is in a functional, utilitarian state—likely suitable for storage and mechanicals but not finished living space. It presents both a project opportunity and a clear picture of the home's current liveable square footage.
5. How does the lack of a garage affect daily life?
On-street parking is the norm here. Buyers should consider their comfort with street parking year-round, including during Winnipeg winter parking bans. The lot size may allow for the future addition of a garage or parking pad, depending on local regulations.