Property Overview & Key Characteristics
This two-storey home at 759 Home Street in Winnipeg's Daniel McIntyre neighbourhood is a classic character property built in 1911. With 1,150 sqft of living space and a full, unrenovated basement, it presents a straightforward canvas. The lot is a practical 2,498 sqft, typical for the area. Its appeal lies in its position as a solid, no-frills entry point into the market. The home's assessed value is notably modest, and its recent sale price suggests it is positioned for buyers comfortable with a project or seeking a lower-cost holding property in a central location. It would suit a pragmatic first-time buyer, an investor looking for a rental property with character, or someone interested in gradual, sweat-equity renovations. A less obvious perspective is that its older construction date (1911) actually ranks above average for its immediate street, suggesting it's among the more established homes in a historic area, which can appeal to those valuing original charm over modern builds.
Frequently Asked Questions
1. What is the true condition of the basement?
The listing explicitly notes the basement is "not renovated." Buyers should budget for potential updates, moisture management, or foundational assessments common with century-old homes.
2. How does the assessed value compare to the recent sale price?
The home last sold for $200,000 in October 2023, which is significantly higher than its $18,700 assessed value. This is typical, as assessed values for tax purposes often lag behind market sale prices, especially after a recent transaction.
3. Is the lot size a limitation?
At 2,498 sqft, the lot is below average for the street and city. This means smaller outdoor space but also less maintenance. It's a trade-off that prioritizes location over private yard size.
4. What does the "above average" year built ranking mean for the street?
While 1911 is old, it ranks in the top 29% on Home Street, meaning it is actually newer than many of its immediate neighbours. This indicates you're in a well-established, historic part of the neighbourhood.
5. Who might this property not suit?
It's likely not ideal for buyers seeking a move-in-ready home with modern finishes, a large yard, or an attached garage. The unrenovated basement and older building systems require a hands-on approach or tolerance for future projects.