Property Overview
This home at 729 Toronto Street is a classic 1905 two-and-a-half storey in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in offering above-average interior space (1,680 sq ft) on a larger-than-typical lot (2,991 sq ft) for the immediate area, presenting a clear value proposition centred on potential. The property suits buyers comfortable with a project, whether that’s maintaining a character home or planning a future renovation. Its assessed value is modest relative to the city-wide average, which can mean lower property taxes but also indicates it’s not a recently updated, turn-key home. The neighbourhood positioning is central, and the lot size offers flexibility not always found in older inner-city areas.
Who It's For: This property is a strong match for a practical first-time buyer or an investor looking for a character property with a solid footprint. It’s also suitable for someone seeking a "blank canvas" in a central location, willing to invest sweat equity or capital over time to modernize systems and finishes. The appeal is less about immediate luxury and more about securing a property with good fundamentals—space, lot size, and location—that can be shaped to the owner's vision.
Frequently Asked Questions
1. What does "basement: yes, not renovated" mean?
It confirms the home has a basement, but it is in original or unfinished condition. Buyers should budget for potential updates to plumbing, electrical, or foundation work, and anticipate it as functional storage or utility space rather than a finished living area.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's current state and market value for tax purposes. A value significantly below the city average typically indicates an older home that hasn’t undergone major modern renovations or additions, keeping its tax assessment—and thus annual property taxes—lower.
3. How does the lot size compare practically?
At just under 3,000 sq ft, the lot is larger than most on Toronto Street. This could allow for a more generous backyard, better parking options, or future exterior additions like a garage or deck, which are often constrained on smaller inner-city lots.
4. What are the implications of the home's age (1905)?
While full of character, a 121-year-old home requires diligent maintenance. Prospective buyers should prioritize a thorough inspection focusing on the roof, foundation, original wiring, and plumbing. Heating efficiency and window updates are also common considerations for older homes.
5. Is the sale history from 2010 relevant?
The last recorded sale was over a decade ago, so that price is not indicative of current value. However, it does show a long period of ownership, which can sometimes suggest a home that has been lived in and maintained, rather than flipped, though updates may be dated.