Property Overview: 307 Tecumseh Street, Winnipeg
Key Characteristics & Appeal
This 972 sqft home, built in 1911, is a compact character property in the Logan-C.P.R. neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg market, underscored by a recent sale price between $100k-$150k in 2024. The lot, while smaller than many in the city at 2,249 sqft, is typical for the immediate street and area.
The home suits first-time buyers, investors, or downsizers seeking a lower-priced foothold with renovation potential. Its assessed value ($14.30k) is significantly below the city average, which may indicate an opportunity but also suggests the property is likely a fixer-upper. A thoughtful perspective is that its older vintage (1911) makes it one of the more established homes on its street, potentially offering classic architectural details, but it comes with the expected maintenance considerations of a century-old structure. The appeal is pragmatic: it’s for a buyer comfortable with a project, valuing location and affordability over immediate move-in condition and square footage.
Frequently Asked Questions
1. Why is the assessed value so much lower than the recent sale price?
Municipal assessed value for tax purposes is not a market valuation. A low assessment relative to sale price can be common with older homes that have not been substantially renovated, or in areas experiencing market shifts. It primarily affects property tax calculations, not resale value.
2. What does the "below average" ranking for lot size mean practically?
While the lot is smaller than most across Winnipeg, it is broadly in line with other properties on Tecumseh Street and in Logan-C.P.R. This means outdoor space is limited, but you’re not at a disadvantage relative to direct neighbours. It points to a traditional, closer-knit neighbourhood layout.
3. The home is older than most in the city. What should I consider?
Built in 1911, the home likely has solid construction but may require updates to major systems like wiring, plumbing, or insulation. A thorough inspection is essential. On the positive side, it may feature higher-quality materials and craftsmanship than newer, budget-oriented builds.
4. Who are the typical neighbours or buyers in this area?
Given the home’s size, price point, and location in Logan-C.P.R., it would attract a mix of first-time homeowners, long-term residents, and possibly investors. The area is known for its affordability and central location, drawing a practical, no-frills demographic.
5. How reliable are the provided "sold price" ranges?
The ranges are based on publicly available data. For the exact historical sale price, you must request it directly from the source (as noted on the page). This is a common practice to ensure data privacy and accuracy, and the provided range offers a reliable ballpark figure for market comparison.