Property Overview & Key Characteristics
This one-storey home on Wellington Avenue is a classic Daniel McIntyre property with a 1913 build date. Its primary appeal lies in a combination of established character and practical updates, most notably a renovated basement that adds valuable modern living space to the compact 760 sqft main floor. The detached garage and a land area of 2,758 sqft that ranks in the top 8% for Winnipeg offer notable utility and potential for a central-city lot.
The home’s standout feature is its financial positioning. With an assessed value significantly lower than several comparable neighbourhood properties, it presents a clear value proposition and a potentially lower property tax burden. This, combined with its location on a street where it ranks highly for lot size, creates an opportunity for buyers seeking entry into a mature neighbourhood without the premium price tag of a larger or fully modernized home.
This property would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint with immediate livability and a solid foundation. It’s for someone who values location and lot size over a large interior and sees potential in a home that offers a renovated basement as a key living space rather than a project.
Frequently Asked Questions
1. How does the assessed value compare to similar homes?
The assessed value of $15,500 is notably lower than many nearby comparables, some of which are assessed up to $270,000. This suggests a favourable property tax basis, but it’s essential to understand that assessed value is for taxation and may not reflect current market value.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the scope, quality, permits, and ceiling height are not provided. This is a key feature to investigate further during a viewing.
3. Is the smaller main living area a concern?
At 760 sqft, the main floor is compact. The appeal hinges on the renovated basement effectively doubling the functional living space. Buyers should consider if the layout and flow between floors suit their lifestyle.
4. What are the implications of the 1913 build date?
While the home has historic character, it’s important to factor in the potential for older-home maintenance. The recent basement renovation is a positive, but attention should be paid to the condition of the original structure’s major systems (roof, wiring, plumbing, foundation).
5. How does the lot size benefit the property?
The lot is larger than 92% of properties on Wellington Avenue, offering more outdoor space than typical for the street. This provides extra privacy, room for gardening, or future expansion potential, subject to zoning regulations.