Property Overview: 738 Home Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1909, presents a classic character home opportunity in the Daniel McIntyre neighbourhood. With 1,112 sqft of living space and a detached garage, it sits on a standard city lot. The home features a basement that exists but has not been renovated, indicating potential for future customization or storage space.
Its primary appeal lies in its position as a solid, average contender within its immediate area. The data shows it is consistently middle-of-the-pack for its street and neighbourhood in terms of living space, assessed value, and lot size. This suggests a property that is neither oversized nor undersized for the community, offering a balanced entry point. The significant jump in its sale price from 2016 to 2021 highlights the area's market movement and suggests it is part of a transitioning community.
This home would suit a pragmatic first-time buyer or an investor looking for a character property without extreme outliers in size or value. It’s for someone who sees potential in a home that reflects the neighbourhood's historic fabric and is comfortable with a property that may require updates, starting with the basement. The buyer should be one who values community context over standout luxury, as the home’s metrics consistently tell a story of "average" for Daniel McIntyre—which can mean stability and a realistic foundation for the future.
Section 2: Frequently Asked Questions
1. Is the home smaller than others on the street?
Yes, slightly. At 1,112 sqft, the living area is below the street average (~1,388 sqft), placing it in the top 76% (meaning 76% of comparable homes on Home Street are larger). However, it is very close to the average size for the broader Daniel McIntyre neighbourhood.
2. How does the assessed value compare?
The assessed value of $19,400 is around average for both Home Street and the Daniel McIntyre area. It's important to note that assessed value for tax purposes is typically much lower than market sale price, as evidenced by the home selling for $210,000 in 2021.
3. What does the sale history indicate?
The sale history shows rapid appreciation between 2016 ($11,600) and 2021 ($210,000). This sharp increase is less about this specific home and more indicative of strong market-wide trends and revitalization in the area over that period.
4. Is the lot size a constraint?
The lot is 2,514 sqft, which is slightly below the street average but very typical for central Winnipeg neighbourhoods. It provides standard backyard space for the area but is not an unusually large or expansive parcel.
5. The home is over 110 years old. What should I consider?
The 1909 build date means charm and character come with the need for diligent inspection. While systems like wiring and plumbing may have been updated over time, the unrenovated basement suggests there are areas of the home that remain in original or older condition. Budgeting for ongoing maintenance and potential updates is essential.