Property Overview: 804 Simcoe Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1907, stands out in the Daniel McIntyre neighbourhood for its generous proportions. With 1,886 square feet of living space, it ranks in the top 5% of area homes for size, offering significantly more room than the local average. It sits on a 3,285 sqft lot, which is also larger than most in the immediate area. A key feature is its renovated basement, adding functional living space. There is no garage or pool.
The primary appeal lies in its "above average" footprint within an established, central community. It suits buyers looking for character-home space without moving to the suburbs, particularly those who value interior square footage and a renovated lower level over modern amenities like a garage. The data suggests it's a substantial home by neighbourhood standards, likely appealing to growing families, multi-generational households, or those who work from home and need extra space. Its assessed value is notably lower than the citywide average, which may indicate different market dynamics in this central, older area compared to newer subdivisions.
Frequently Asked Questions
1. How does the home’s size compare to others?
It is exceptionally spacious for the area. With 1,886 sqft, it is in the top 2% of homes on its street and the top 5% within the Daniel McIntyre neighbourhood for living area.
2. What does the assessed value tell us?
The assessed value is above average for the street and around average for the neighbourhood, but it falls well below the citywide average. This is typical for older, central communities and reflects the different property value landscape compared to newer city areas.
3. Is the lot a good size?
Yes. At 3,285 sqft, the lot is larger than most on the street and in the neighbourhood, offering good outdoor space for an inner-city property.
4. The home is from 1907. What should I consider?
While the basement has been renovated, the home's age means potential buyers should pay special attention to the condition of core elements like the foundation, roof, wiring, and plumbing during inspections. The character comes with a responsibility for diligent maintenance.
5. Why is there such a difference between the sale price and assessed value?
The home sold for $27,800 in December 2023, which is higher than its $21,300 assessed value. Assessed value is for municipal tax purposes and can differ from market value, which is determined by what a buyer is willing to pay in the current market.