Property Summary: 514 St Charles Street, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, situated on a generous, roughly 6,000 sqft lot in the Glendale neighbourhood. Its key characteristics are defined by clear contrasts. The living space is modest at 704 sqft, placing it well below average size for the street, area, and city. It features a basement that is present but not renovated, and there is no garage or pool. Conversely, the lot size is a standout feature, offering above-average outdoor space for the neighbourhood. The home’s assessed value is significantly below local and city averages.
The primary appeal lies in its value proposition and potential. It represents a very accessible entry point into the Winnipeg market, particularly for a land-centric purchase in a mature neighbourhood. The large lot presents clear opportunities for expansion, gardening, or future development, subject to zoning. This property would best suit a practical, hands-on buyer—such as a first-time homeowner comfortable with a project, an investor looking for a land-value play, or someone seeking to downsize into a manageable footprint with ample private outdoor space. Its charm is not in its current finishes or size, but in its foundational offering of location and land.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value reflects the home’s age, smaller living area, and condition (including an unrenovated basement). It is primarily valued for its land and location rather than its current structure.
2. Is the low square footage a major drawback?
It depends on your needs. The 704 sqft layout requires efficient use of space and would not suit a large household. However, it offers lower utility costs and minimal upkeep, aligning well with a minimalist or simplified lifestyle.
3. What can be done with the large lot?
The lot is the property's most flexible asset. Owners could enjoy extensive garden space, add storage sheds, or explore the potential for a future addition or rebuild, following a review of local zoning and bylaws.
4. How significant is the age of the home (1910)?
The age implies character and established neighbourhood roots, but also necessitates diligence. Prospective buyers should prioritize a thorough inspection to understand the condition of the foundation, wiring, plumbing, and insulation.
5. The sold price history shows a range. What does that mean?
The listed range is an estimate based on public data. To obtain the exact historical sale price for informed decision-making, you can request it directly via the provided email service on the listing page.