Property Overview
This is a compact, one-storey home on a standard city lot in the Daniel McIntyre neighbourhood. Built in 1908, its 696 sqft living area is notably smaller than most comparable homes locally and city-wide. The property features a detached garage and an unrenovated basement. Its assessed value is significantly below the Winnipeg average, reflecting its modest size and vintage.
The appeal here is rooted in essentials: affordability, location, and lot potential. It suits first-time buyers or investors seeking a lower-cost entry into the Winnipeg market, particularly those who value character neighbourhoods over square footage. For the right buyer, its below-average price point on a nearly 3,000 sqft lot presents a clear value proposition—the investment is more in the land and location than in the existing structure. It’s a practical choice for someone comfortable with a home that prioritizes function over space, or for a buyer viewing it as a long-term hold with renovation or redevelopment potential down the line.
Frequently Asked Questions
1. Is this a "fixer-upper"?
The listing notes the basement is unrenovated, and given the home's age, buyers should anticipate maintenance and potential updates. It may be livable as-is but likely requires ongoing care and modernization.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the home's relatively small size, age, and the specific market in Daniel McIntyre. It is more in line with neighbourhood averages, indicating the valuation is based on local comparables rather than city-wide property trends.
3. Who would this home not suit?
It would likely be too small for families needing multiple bedrooms or dedicated living spaces. Buyers seeking a move-in-ready home with modern finishes or those prioritizing ample indoor square footage may find it limiting.
4. What is the potential here beyond the house itself?
The nearly 3,000 sqft lot is a key asset. For the right buyer, this offers future flexibility—whether for adding on, creating outdoor space, or holding the property for its land value in an established inner-city neighbourhood.
5. How does the recent sale price compare?
The home sold in September 2023 for $20,500, which was close to its assessed value at the time. This recent transaction provides a concrete benchmark for its market value under previous conditions.