Property Overview: 741 Simcoe Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre is a classic Winnipeg character property, built in 1912. With 1,047 sqft of living space, its size is very typical for the immediate area and neighbourhood. A key feature is the renovated basement, adding functional living space, and the property includes a detached garage. The lot size of 2,488 sqft is slightly smaller than others on Simcoe Street but is standard for central neighbourhoods.
Its primary appeal lies in its established location and the practicality of a modernized basement within a historic home. The assessed value is notably below the citywide average, suggesting a relatively accessible entry point into the market. This home would suit a first-time buyer or an investor looking for a character property in a central location without a premium price tag. It’s a pragmatic choice for someone who values location and function over size, and who appreciates a home with history—this property is older than most in the city and even slightly older than the average on its own street.
Section 2: Frequently Asked Questions
1. How does the assessed value compare?
The home’s assessed value is around average for both Simcoe Street and the broader Daniel McIntyre neighbourhood. However, it falls within the top 5% lowest assessments citywide, indicating it represents a value proposition compared to the Winnipeg average.
2. Is the living space small?
At 1,047 sqft, it is slightly below the city average but is very much in line with the typical home size in both the Daniel McIntyre area and on Simcoe Street itself. The renovated basement effectively adds to the usable space.
3. What does the lot size mean for outdoor space?
The 2,488 sqft lot is smaller than many on its street and significantly smaller than the sprawling lots common in newer suburbs. This is typical for central, older neighbourhoods and means lower maintenance, but also limited private outdoor space.
4. How old is the house, and what does that imply?
Built in 1912, this is an older home even for a neighbourhood of historic properties. Buyers should budget for maintenance consistent with a 114-year-old structure and may appreciate the character that comes with that age. A thorough inspection is essential.
5. Are comparable properties nearby?
Yes. The direct neighbours on Simcoe Street are very similar in age and style. Recently sold comparable homes in the area, like 690 Simcoe Street, show similar assessed values and living areas, providing a clear benchmark for the local market.