Property Overview: 467 Mckenzie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1910, offering a straightforward and affordable entry point into Winnipeg’s housing market. Its key characteristic is its modest scale, with a living area of 620 sqft that is notably smaller than most homes in the city. The property sits on a standard city lot and features a renovated basement. There is no garage or pool.
The primary appeal lies in its low financial barrier to entry, reflected in its assessed value which is very low citywide but typical for its immediate neighbourhood. This isn't a home for those seeking ample space; instead, it suits a specific buyer. It would be ideal for a first-time buyer comfortable with a smaller footprint, an investor looking for a rental property with a manageable overhead, or someone seeking a minimal-maintenance base in the city. A thoughtful perspective is that its age and smaller size represent a lower-consumption lifestyle, potentially appealing to those prioritizing financial freedom and simplicity over square footage. Its average valuation for the street suggests it's a stable, no-surprises option within its local context.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value is primarily based on the home's very modest size, age, and the market values within the Inkster-Faraday neighbourhood. It is priced comparably to other homes on Mckenzie Street.
2. What does "renovated basement" include?
The listing confirms the basement is renovated but does not specify the scope. This would require clarification with the seller or a viewing to understand the finish quality, ceiling height, and legal compliance.
3. Is this a good investment property?
Given its low assessed value and typical rental demand for affordable units, it could be of interest. However, the older age (1910) means potential maintenance costs should be carefully factored into any investment calculation.
4. How does the sold price history from 2019 relate to today’s value?
The home sold for an estimated $13.5k–$16.5k in March 2019. This historical data points to its long-standing position as an affordable property, but current market conditions will determine its present value.
5. What are the implications of having no garage?
Parking will be limited to on-street. This is a common feature for homes of this era in the area, but buyers with a vehicle should consider winter parking regulations and general availability.