Property Overview: 431 Mckenzie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1914, offers a practical and grounded opportunity in the Inkster-Faraday neighbourhood. Its key appeal lies in its relative size and established setting. With 1,280 sqft of living space, it sits comfortably above the average for both its street and local area, providing more room than many comparable homes. The property features a renovated basement and a detached garage on a standard 3,062 sqft lot.
Its strongest suit is value within a specific context. While its assessed value is modest citywide, it is squarely average for its immediate area, suggesting a realistically priced entry point into the market. The home would suit a pragmatic first-time buyer or an investor looking for a character home without the premium of a newer build or a larger lot. It’s a property for those who prioritize interior space and function over a newer construction date or expansive outdoor area, and who appreciate being part of a streetscape with a long history.
Section 2: Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,280 sqft, the living area is notably above the local average. It ranks in the top 23% on its own street and the top 17% within the Inkster-Faraday neighbourhood, meaning it offers more interior space than most direct comparables.
2. Is the assessed value high or low?
The assessed value is very much in line with the local area, ranking around the middle for both McKenzie Street and Inkster-Faraday. Citywide, it is on the lower end, which primarily reflects the home’s age and neighbourhood rather than an anomaly.
3. What should I know about the year it was built?
Built in 1914, the home is over a century old. This is typical for the street and area, which generally feature homes from the 1920s and 1930s. Buyers should budget for maintenance consistent with a character home of this age and seek appropriate inspections.
4. How does the lot size compare?
The lot is a standard city size for its era at just over 3,000 sqft. It is average for the street but smaller than the citywide average, which is influenced by newer suburban developments with larger lots.
5. What does the sold price history indicate?
The last recorded sale was in March 2021, with a public data range of $16.5k to $19.5k. This historical price is consistent with the home’s assessed value trajectory and the area’s market at that time. For the exact sold price, you can request details via the provided email service.