Property Overview: 762 Simcoe Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1905, presents a classic character property in the Daniel McIntyre neighbourhood. Its key appeal lies in a combination of established charm and practical fundamentals. With 1,156 sqft of living space, the home offers a comfortably sized layout that is above average for its immediate street and neighbourhood. A significant standout feature is the land: at 3,321 sqft, the lot size ranks in the top 3% on Simcoe Street, offering generous outdoor space that is rare for the area. The property includes a detached garage.
The home suits buyers who value location and lot size over turn-key condition, as the basement is noted as unrenovated. It’s ideal for a hands-on buyer looking to put their own stamp on a character home with a fantastic yard, or an investor who recognizes the inherent value in a larger lot in a central neighbourhood. The assessed value is strong relative to the local area, suggesting the property is well-regarded in its immediate context. This isn’t a modern, sprawling suburban home, but a solid, centrally-located property where the value is anchored by its substantial piece of land and historical roots.
Section 2: Frequently Asked Questions
1. What does “one-and-three-quarter storey” mean?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has full-height ceilings at the center, with sloped ceilings under the eaves in the side rooms, creating cozy bedrooms and distinct character.
2. The assessed value seems low compared to the city-wide average. Why?
The city-wide average includes all property types and newer areas. This home’s assessment is best compared to its immediate neighbourhood (Daniel McIntyre) and street, where it ranks above average. This indicates it’s a solid property within its established, central community context.
3. How significant is the large lot size?
Very. In older, central neighbourhoods, a lot over 3,000 sqft is a premium feature. It provides ample space for gardening, play, parking, or future expansion (subject to zoning and permits), offering flexibility that smaller lots in the area do not.
4. The home was last sold in 2019. Should I be concerned?
Not necessarily. A sale five years ago simply means the current owners have had a typical ownership period. It suggests a stable ownership history rather than a quick "flip," which can be a positive point for a character home.
5. What are the implications of an unrenovated basement?
This indicates the basement remains in a largely original state. It presents both a project and an opportunity. While it will likely need modernizing for finished living space, it also means there are no poorly executed DIY renovations to undo, allowing a new owner to design the space correctly from the start.