Property Overview: 769 Toronto Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1906, offers a practical blend of space and location in the Daniel McIntyre neighbourhood. Its key appeal lies in its above-average living area of 1,394 sq ft compared to local peers, providing more interior room than many homes on its street and in the immediate area. The property sits on a modest, manageable lot.
The home’s assessed value is notably below average for both the neighbourhood and the city, which can present an accessible entry point into the market. This combination—more interior space than you might expect for the price, in an established inner-city community—defines its value proposition. It suits first-time buyers or pragmatic investors looking for a footprint with potential, who are comfortable with a home that has an unrenovated basement and its original character. A thoughtful perspective for this property is to view it not just as a standalone house, but as part of a tight-knit streetscape of similar vintage homes, offering a sense of established community often missing in newer subdivisions.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a home of this age?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with unique character. Ceiling heights on the upper level may vary.
2. The assessed value seems low. Does this directly predict the sale price?
Not necessarily. Municipal assessed value is used for tax purposes and can lag behind market trends. The sale price is determined by current market conditions, buyer demand, and the home's specific state.
3. What are the implications of an unrenovated basement?
It offers a blank canvas for future finishing to add living space, but it requires a thorough inspection for moisture, foundation integrity, and updates to electrical or plumbing systems. Budgeting for these potential projects is essential.
4. The home is older. What should I prioritize during an inspection?
Beyond standard checks, focus on the condition of the original wiring, plumbing (especially galvanized steel pipes), the roof structure given the home's age, and the foundation for any signs of settling or water ingress.
5. How does the smaller lot size affect living here?
The lot is manageable with less yard maintenance, which can be a benefit for busy owners. However, it may limit options for large additions, detached garages, or extensive landscaping. Outdoor space will be primarily confined to the backyard.