745 Home Street

Property Overview: 745 Home Street, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1913, is a classic character property in the Daniel McIntyre neighbourhood. With 1,211 sqft of living space and a detached garage, it presents a practical footprint. Its appeal lies in its established location and relative value. The home sits on a modest 2,498 sqft lot, which means lower maintenance but less private outdoor space compared to some.

The property’s metrics reveal a nuanced story. Its assessed value ranks "above average" for the Daniel McIntyre area, suggesting it is viewed favorably within this specific, often historic, market context. However, its living area and lot size are generally "around average" for the immediate street and neighbourhood. This positions it as a solid, middle-of-the-road option for the area rather than a standout in size or modern assessment.

This home would suit a buyer looking for an entry point into a character neighbourhood without a premium price tag for a large lot or fully renovated space. It’s a practical choice for a first-time homebuyer, a small household, or an investor attracted to the consistent demand in central Winnipeg neighbourhoods. The unrenovated basement indicates a project-ready space, appealing to those with renovation plans or who prioritize lower initial costs over move-in perfection.

Section 2: Frequently Asked Questions

1. What does the "above average" assessed value for the neighbourhood actually mean?
It indicates that, compared to other homes in Daniel McIntyre, this property’s official city assessment is in the top 21%. This can reflect the home’s condition, size, or location within the area, but it doesn't directly predict sale price.

2. How might the lot size impact me?
At 2,498 sqft, the lot is smaller than many in the city overall. This typically means less yard work and lower exterior maintenance costs, but also limited potential for expansions like a large addition or pool. It emphasizes efficient use of indoor and outdoor space.

3. The home was built in 1913. What should I consider?
While the structure is historic, its ranking as "above average" for year built on its street suggests many neighbouring homes are from a similar era. You’ll want to pay close attention to the condition of major aging components like the foundation, plumbing, and wiring during an inspection.

4. How does this property compare to nearby recent sales?
The provided comparable properties (e.g., 690 Simcoe, 731 Arlington) show a range of sizes, values, and conditions in the same neighbourhood. This highlights the variety available and suggests your decision may come down to prioritizing specific features like living area, level of renovation, or exact location.

5. Is the detached garage a plus?
Yes, especially in older neighbourhoods where street parking can be tight. A detached garage provides secure storage and parking, though it may lack the convenience of direct home access.