Property Summary: 817 Home Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home built in 1912, offering a blend of historic character and practical fundamentals in Winnipeg's Daniel McIntyre neighbourhood. With 1,212 sqft of living space, it sits comfortably within the average range for both the immediate street and the broader area, providing a manageable size for a small family, couple, or investor. Its appeal lies in its established location, the potential of a home with original features awaiting personalization, and a detached garage—a valuable asset in this urban setting.
The property suits a few specific buyer types well. First-time buyers or practical renovators will find a solid, unrenovated canvas to gradually update to their own taste without the premium of a fully modernized home. Investors may see value in its rental potential, given the neighbourhood's consistency and the home's functional layout. It’s notably not the largest property on its block—the land size is below the street average—which suggests a more low-maintenance yard, appealing to those seeking an urban lifestyle without extensive outdoor upkeep. The assessed value is significantly below the Winnipeg citywide average, highlighting its positioning as an accessible entry point into the city’s housing market within a mature, centrally located community.
Frequently Asked Questions
1. What does "basement, not renovated" typically mean for a home of this age?
It indicates the basement is functional and usable (likely containing utilities and storage or basic rooms) but has not been modernized or finished to contemporary standards. Buyers should budget for potential updates to insulation, flooring, or layout.
2. How does the below-average land size impact the property?
The lot is smaller than many on Home Street, which generally means less yard maintenance and a more compact outdoor space. It doesn't necessarily mean less privacy, as the neighbourhood consists of closely built homes, but it limits potential for large additions or extensive landscaping.
3. The assessed value seems very low compared to the city average. Why?
Property assessments are for municipal tax purposes and are not market valuations. This figure reflects its value relative to similar properties in its assessment category and area. The significant gap from the city average underscores that this is a more affordable, established neighbourhood compared to newer suburban areas.
4. Is the older year built (1912) a concern?
It places the home above average in age even for its historic street. This suggests strong original craftsmanship but also means crucial systems like plumbing, electrical, and the roof may need inspection or have been partially updated over time. It's a key point for a thorough home inspection.
5. What can nearby sales and comparable listings tell me?
Recent sales on the same street and listings with similar assessed values in adjacent areas indicate a stable, active market for homes in this price and size range. It’s wise to review the sale prices of nearby "worth viewing" properties to gauge current market value versus the listed or assessed price.