Property Overview: 400 St Charles Street, Winnipeg
Key Characteristics & Appeal
This is a substantial, century-old home (built 1915) that stands out for its generous scale and land. Its primary appeal lies in offering significantly more space—both indoors and out—than is typical for the area. With over 2,700 square feet of living space, it ranks in the top 1% for size in the Glendale neighbourhood. This is complemented by a large, private lot of approximately 10,190 square feet, which places it in the top 4% on its street. The home is a classic Two & 1/2 Storey design with a detached garage and an unrenovated basement, presenting a solid structural canvas.
The property suits buyers looking for a project with established character and ample room to grow or customize. It’s ideal for those who value space and privacy over modern finishes, and who have the vision (and potentially the budget) for updates. A less obvious perspective is its value proposition: while the assessed value is above average for the immediate area, the sheer volume of space per dollar could be compelling compared to newer, smaller homes at similar price points in the wider city. It’s a home for a buyer who sees the lot size and historic footprint as the primary assets, with the understanding that its age and condition are part of the long-term investment.
Frequently Asked Questions
1. What does "unrenovated basement" typically imply?
It generally means the basement is in original or functional condition, but may lack modern finishes, an updated layout, or moisture-proofing. It should be inspected to understand its potential and any necessary repairs.
2. The assessed value seems lower than expected for such a large property. Why?
Municipal assessments often reflect a combination of factors including the property's age, condition, and recent sales of comparable homes. The home's older age and unrenovated state likely keep its assessed value moderate relative to its physical size and lot.
3. Who would this home not be suitable for?
It may not suit buyers seeking a move-in-ready, low-maintenance property, or those with strict budgets for immediate major renovations. The scale and age of the home likely entail higher ongoing utility and upkeep costs.
4. Is the large lot a benefit for future expansion?
Potentially, yes. The lot size is a significant asset and could allow for additions, a garden suite (subject to zoning approval), or extensive outdoor living spaces. This flexibility is a key long-term advantage.
5. The home is much older than others on the street. Is that a concern?
It’s a defining characteristic. It offers historic charm and solid construction but requires a proactive approach to maintenance. Systems like plumbing, electrical, and the roof may need evaluation and updating to modern standards.