Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1912, presents a classic Winnipeg character property on a generous 2,522 sqft lot in the King Edward neighbourhood. Its primary appeal lies in its solid fundamentals: a larger-than-average lot size for the street and a living area that provides ample space. The home has an unrenovated basement and no garage, positioning it as a straightforward canvas. The assessed value is notably low compared to many nearby properties, suggesting potential for equity growth through updates.
It would suit a practical, value-oriented buyer—perhaps a first-time homeowner comfortable with a property that needs gradual improvements, or an investor looking for a stable rental in an established area. Its strong rankings for lot size and age within Winnipeg indicate it's a solid, no-frills property in a city-wide context, rather than a standout on its immediate block. The appeal is less about current luxury and more about underlying value, land potential, and location within a mature neighbourhood.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a 1912 home?
This style usually features a main floor with principal rooms and a second floor with sloped ceilings under the roofline, creating cozy bedrooms or attic spaces. It's a charming, traditional layout but may have less full-height square footage than a modern two-storey.
2. The assessed value seems low. Is this a concern?
Not necessarily. A low assessment relative to nearby sold listings can indicate a few things: the property may be due for updates, or it might present a lower property tax burden. It's a key figure to discuss with your realtor in the context of recent sales and renovation costs.
3. The basement is noted as "not renovated." What should I expect?
For a home of this age, this likely means a classic Winnipeg basement with concrete walls and floor, housing the furnace and utilities. It offers functional storage and mechanical space but would require finishing to become livable entertainment or family space.
4. How significant is the lack of a garage?
This is a key consideration for Winnipeg winters. The large lot does offer potential for adding a garage or shed in the future, subject to city bylaws and permits. For now, buyers should budget for street parking and winter plug-in solutions.
5. The property ranks highly for lot size but lower for living area. What does this mean?
This highlights the property's balance: you're acquiring a sizable piece of land in an established neighbourhood, but the house itself is modest relative to the plot. This could be ideal for someone who values outdoor space or future expansion potential over a large, finished interior.