Property Overview
841 Home Street is a two-storey home built in 1901, offering 1,152 sqft of living space on a 1,895 sqft lot in Winnipeg's Daniel McIntyre neighbourhood. It features a basement that has not been renovated and does not include a pool or garage. The property last sold in July 2023 for $200,000 and has a current assessed value of $16,800.
Section 1: Key Characteristics & Appeal
This home presents a straightforward opportunity in a central, established neighbourhood. Its key appeal lies in its position as an affordable entry point into the Winnipeg market, particularly for a stand-alone house. The living space is functionally sized and ranks around average for the area, suggesting it meets core needs without excess. The very low assessed value, while notable, often reflects the home's age and condition more than its market potential, indicating room for value growth through updates.
It would suit a practical, hands-on buyer—perhaps a first-time homeowner, an investor, or a downsizer—who is comfortable with a property that requires care and modernization. The charm here isn't in move-in-ready perfection, but in the chance to secure a character home with solid fundamentals. A less obvious perspective is that its compact lot size, while below average, translates to lower maintenance, which can be a significant advantage for those seeking urban living without extensive yard work.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Assessed values for municipal taxation are not equivalent to market value. They are calculated using mass appraisal techniques and can lag behind rapid market changes. The 2023 sale price is a clearer indicator of its current market worth.
2. What does the "basement not renovated" condition imply?
This typically means the basement retains its original or older finishes and systems. Buyers should budget for potential updates to flooring, walls, and possibly mechanical systems, and should prioritize a thorough inspection for moisture issues common in older foundations.
3. Is the smaller lot size a major drawback?
It depends on your priorities. While it offers less private outdoor space than many city lots, it reduces maintenance time and cost. For some, the trade-off for a more central location and a lower price point is worthwhile.
4. As a 125-year-old home, what should I be most concerned about?
Key focus areas should be the condition of the roof, foundation, wiring, and plumbing. Older homes were built with quality materials but will have aging components. A specialized inspection for heritage properties is highly recommended.
5. How does this property compare to others on the same street?
The data shows this home has less living space and a smaller lot than the street average. However, its recent sale price suggests it was competitively positioned. It may offer better value per square foot than more updated homes on the block, appealing to those willing to invest sweat equity.