435 Mckenzie Street

Property Overview: 435 Mckenzie Street, Winnipeg

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1914, offers a practical footprint of 1,390 sqft on a standard city lot. Its key appeal lies in its relative size and established neighborhood context. The living space is notably above average for both its immediate street and the Inkster-Faraday area, providing more room than many comparable local homes. A detached garage and a renovated basement add functional value.

The property suits buyers looking for a character home in an established, no-frills neighborhood. It’s a pragmatic choice for those who prioritize interior space over a large yard, as the land area is modest compared to the citywide average. The assessed value is very low by city standards, which may indicate an entry point for certain buyers, but it also places the home in a distinct market segment separate from the typical Winnipeg housing landscape. It would likely appeal to value-conscious purchasers, investors interested in the area, or those seeking a home with a classic layout who are comfortable with a property of this vintage.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average?
Assessed values are based on municipal valuation for tax purposes and can vary dramatically between neighborhoods. This assessment reflects the property’s value within its specific market context in Inkster-Faraday, not a direct comparison to newer or differently sized homes across all of Winnipeg.

2. How does the home’s size compare locally?
The living area is a strong point. At 1,390 sqft, it ranks in the top 14% on its own street and the top 10% within the Inkster-Faraday neighborhood, meaning it offers more interior space than most direct comparables in the area.

3. What should I consider about a home built in 1914?
While offering classic charm, a home of this age will likely have older infrastructure. A prospective buyer should prioritize inspections for the foundation, plumbing, electrical systems, and insulation to understand any needed updates or maintenance inherent to its era.

4. What does the sold price history indicate?
The last recorded sale was in February 2021, with a public data range of $14.50k to $17.50k. This is consistent with the current assessed value and confirms the home operates in a specific, lower-price-point segment of the market. For an exact historical sold price, you must request it directly from the listing source.

5. Is the lot size a limitation?
The lot is under 3,000 sqft, which is below the city average. This means smaller outdoor space but potentially less maintenance. It’s a trade-off; the property offers more interior space relative to the neighborhood, while the yard is more compact.