Property Overview: 436 McGregor Street, Winnipeg
Key Characteristics & Appeal
This two-storey home, built in 1913, offers a practical footprint of 1,358 sqft on a standard city lot. Its primary appeal lies in its strong relative value within the immediate Inkster-Faraday neighborhood. The living space is notably above average for the area, and the home's assessed value ranks well against nearby streets. A key feature is the renovated basement, adding functional living space. Recent sale activity suggests a dynamic local market.
This property would suit value-focused buyers looking for a character home in an established central neighborhood. It's a practical choice for those who prioritize more interior space over a large yard, and for investors or homeowners comfortable with the maintenance considerations of an older home. The data indicates it performs well in its micro-market, even if its metrics are more modest in a city-wide context.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value is significantly lower than the city-wide average, which is typical for older homes in central neighborhoods. However, it ranks well above average for McGregor Street and the broader Inkster-Faraday area, suggesting it is considered a higher-value property within its specific market.
2. How recent are the renovations, and what was done?
The listing confirms a renovated basement, but specifics on scope, quality, and permits are not provided. This would be a key point for buyer due diligence, requiring inquiry with the seller and a careful inspection.
3. The home sold twice in 2024. What does that indicate?
The two sales in close succession could indicate a number of scenarios, such as a quick flip after renovation, an investor reassessing their portfolio, or a sale that fell through. It highlights a transactionally active property, and reviewing the exact sale prices would be crucial to understanding the trend.
4. What are the implications of no garage?
The lack of a garage means on-street parking and exposure to Winnipeg's winter elements for your vehicle. For some buyers, this is a trade-off for lower maintenance and cost. It's worth checking the specific street parking availability and regulations.
5. How does the lot size impact potential?
At 2,816 sqft, the lot is smaller than many in the city but typical for the street. This means lower exterior maintenance but may limit expansion possibilities like a large addition or garage, should zoning allow. The focus here is on the house itself rather than outdoor space.