Property Overview
This two-storey home on Simcoe Street, built in 1905, presents a classic character property with modern updates. Its key appeal lies in its renovated basement and its position within the established Daniel McIntyre neighbourhood. At 1,091 sqft, the living space is very typical for the area, offering a comfortable footprint without being oversized. A notable feature is the property's assessed value, which ranks well above average for Simcoe Street itself, suggesting it may be in better condition or have more desirable attributes than many immediate neighbours. The lot, while smaller than the citywide average, is fairly standard for this central, mature part of Winnipeg.
This home would suit a first-time buyer or a small household looking for a manageable, updated character home in a central location. It’s also a practical option for an investor seeking a property with recent renovations in a steady rental market. The data suggests it’s a solid, middle-of-the-road property for the specific neighbourhood, rather than a standout in the broader city context, making it a pragmatic choice for those focused on value and location within the community.
Frequently Asked Questions
How does the assessed value compare?
While the home's assessed value is in the top 16% on Simcoe Street, it ranks as below average citywide. This indicates the property is considered well above average for its immediate street but is modestly valued compared to the entire Winnipeg market, which includes newer suburban homes.
What does the "renovated basement" likely mean?
The listing specifies a renovated basement, which in a home of this era typically means updated finishes and likely legal egress windows. It’s important to verify the permits and scope of the renovation to understand if it’s a cosmetic update or a full legal suite conversion.
Is the lot size a concern?
At 2,483 sqft, the lot is smaller than the Winnipeg average but is very common for the Daniel McIntyre area. It provides adequate outdoor space for a patio or small garden without the maintenance burden of a large yard.
How significant is the age of the home?
Built in 1905, the home is older than about 80% of properties in the neighbourhood. This brings character but also means potential for older infrastructure. A thorough inspection focusing on wiring, plumbing, and the foundation is especially important.
What can nearby sales tell us?
The home sold in July 2020 for $200k. Comparing it to the nearby reference properties, it sits in the middle range for size and assessed value for Daniel McIntyre. This history suggests a stable, established value pattern for well-maintained homes on the street.