Property Overview: 751 Simcoe Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1905, is a character property in the Daniel McIntyre neighbourhood. With 1,276 square feet of living space, it offers more room than many comparable homes on its street and in the immediate area. A key feature is its renovated basement, adding functional living space, and the property includes a detached garage. The lot is a manageable 2,503 square feet.
Its appeal lies in its position as a solid, above-average-sized home for the local market, offering historic charm with some modern updates. The data suggests it represents a more accessible entry point into Winnipeg’s housing market, with an assessed value significantly below the citywide average. This isn’t a sprawling new build, but a grounded, established home in a mature community.
It would suit a first-time buyer or a practical investor looking for a character home without the premium of a newer property. It’s for someone who values space and location over a modern build date, and who is comfortable with a home that has history and may require thoughtful, ongoing updates true to its era.
Frequently Asked Questions
1. What does the assessed value tell me about the property taxes?
The assessed value of $16,900 is a key figure used to calculate municipal property taxes. Being well below the citywide average suggests the tax burden will be relatively lower, which is an important consideration for ongoing affordability.
2. The home was built in 1905. What should I be mindful of?
While the renovated basement is a plus, a home of this age will have vintage systems and materials. A thorough inspection is crucial to understand the condition of the original foundation, wiring, plumbing, and insulation. Its character is a draw, but it requires a buyer attentive to maintenance.
3. How does the living space compare practically?
At 1,276 sq ft, it ranks in the top 24% on its street for living area. This means it likely feels more spacious inside than many neighbouring homes, a significant advantage in an older neighbourhood where some houses can be quite compact.
4. What is the significance of the detached garage?
In a neighbourhood of older homes, a detached garage is a valuable asset for secure parking and storage. It also offers flexibility—it could be used as a workshop or studio without disrupting the main house.
5. The home last sold in 2020. How should I use that information?
The 2020 sale price of $140k provides a historical benchmark, but market conditions have likely changed. It’s most useful for understanding the property’s turnover history and as a starting point for discussion with your real estate agent about current market value.