Property Overview: 889 Home Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre is defined by a rare and valuable combination: a generous, renovated living space on an exceptionally large lot. With 1,414 sqft of living area (above average for the neighbourhood) and a nearly 5,000 sqft lot (ranking in the top 1% locally), the property offers both immediate comfort and long-term potential. The renovated basement and detached garage add practical utility.
Its appeal lies in this balance of a move-in ready home with significant "sweat equity" upside. The lot size is its most compelling asset, providing ample room for gardening, expansion, or future development, which is uncommon in this established area. While the 1945 build date means some older-home maintenance considerations, it also contributes to the neighbourhood's character.
This home would best suit buyers who value indoor-outdoor space equally—perhaps a growing family, a creative type wanting a studio or workshop, or an investor recognizing the latent value in the land. It’s for someone who wants a home that feels grounded now but has a clear path to increased value through the land itself.
Frequently Asked Questions
1. How does the assessed value compare to the last sale price?
The home was last sold in June 2022 for $310,000. Its current assessed value for tax purposes is $25,800. It's important to note that municipal assessed value is not the same as market value and is typically significantly lower.
2. What does the "Elite" ranking for land area actually mean?
The data shows the 4,987 sqft lot ranks 4th largest out of 477 properties on Home Street and 33rd out of 2,201 in Daniel McIntyre. This means you are getting a parcel of land that is exceptionally large for this specific, central neighbourhood.
3. Is the living space configured over multiple floors?
Yes, as a "One & 1/2 Storey" design, the living area is spread over the main floor and a smaller upper level, which often includes sloped ceilings. The renovated basement provides additional finished space.
4. The home is older—what should I be mindful of?
Built in 1945, prospective buyers should budget for and investigate updates to major aging components like the roof, plumbing, electrical, and insulation. A thorough inspection is essential.
5. How does this property fit within the broader city market?
The data indicates that while this home's lot and living space are standout features within its immediate area, they are more average when compared city-wide. This highlights its particular value as a larger property in a central, established neighbourhood rather than a suburban setting.