Property Overview: 790 Simcoe Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home built in 1905, offering a blend of historic character and practical potential. With 1,176 sqft of living space, it sits comfortably within the average range for the Daniel McIntyre neighbourhood. A key standout is its land area of nearly 3,000 sqft, which is notably larger than many lots on its street, providing valuable outdoor space or future expansion potential in a central area.
The home’s primary appeal lies in its position as a grounded entry point into a well-established community. It features a functional detached garage and a basement (noted as unrenovated), presenting a canvas for customization. The significantly below-average assessed value suggests it may be priced accessibly, but also indicates it likely requires modernization and investment. This property would suit a pragmatic first-time buyer, an investor looking for a character rental, or a hands-on individual seeking a home they can gradually renovate to their own taste. It’s less about immediate move-in perfection and more about securing a footprint in a mature neighbourhood with room to grow in value through improvements.
Frequently Asked Questions
1. What does the below-average assessed value indicate?
It primarily suggests the property is valued lower than most homes in the city for tax purposes, often due to its age, condition, or lack of recent major upgrades. It can signal a more affordable purchase price but also implies likely update costs.
2. Is the larger lot size a significant advantage?
Yes. In an older neighbourhood where lots are often subdivided, a nearly 3,000 sqft lot offers more private outdoor space than nearby properties and could provide flexibility for additions, landscaping, or parking, which is a less obvious long-term asset.
3. What should I consider about the home’s age (1905)?
While offering character, a 121-year-old home will have aging core systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. Budgeting for maintenance and energy efficiency updates should be a priority.
4. The basement is noted as “not renovated.” What does that mean?
It typically means the basement is in original or utilitarian condition, likely with concrete walls and floors. It presents potential for future living space, storage, or laundry area, but any development would require proper moisture management and renovation investment.
5. How does this property compare to others in Daniel McIntyre?
Its living space is average for the area, but it sits on a larger-than-typical lot for its immediate street. The data shows it’s among the older and lower-assessed homes in the neighbourhood, positioning it as a more affordable option with the trade-off of requiring more personal investment.