Property Overview & Key Characteristics
118 Norquay Street is a classic two-and-a-half storey home built in 1907, situated in Winnipeg's McMillan neighbourhood. Its primary appeal lies in its generous proportions and established location. With over 2,700 square feet of living space on a 2,500+ sqft lot, it offers substantial room—ranking in the top 5% of Winnipeg for size. The home sits on a street where it is among the larger properties (top 8%), suggesting a streetscape of solid, character homes.
The property suits a specific buyer: someone looking for a project with great bones in a mature, central neighbourhood. Its assessed value is notably modest compared to its physical scale and the values of some nearby properties, which may indicate an opportunity for value-adding renovation. This is not a move-in-ready home—the basement is noted as unrenovated and there is no garage—but rather a canvas. It would appeal to an investor, a renovator with vision, or a buyer prioritizing square footage and location over modern finishes, who is prepared to invest sweat equity or capital into updates.
Frequently Asked Questions
1. What does "basement, not renovated" typically imply?
This usually indicates the basement is in original or utilitarian condition, likely with an older foundation, basic finishes, and mechanical systems. It should be inspected for moisture, insulation, and updating needs, but also represents potential for future living space or storage.
2. The assessed value seems low for such a large house. Why?
Municipal assessments are for taxation purposes and often lag behind market values, especially for properties that haven't been recently sold or renovated. A low assessment relative to size can sometimes signal that the home needs significant updating, which is reflected in the tax valuation but may represent a market opportunity.
3. What is the McMillan neighbourhood like?
McMillan is a central, established area near the Osborne Village and River Heights districts. The listing shows a mix of historic homes (like this 1907 property) and newer infill, suggesting a desirable, evolving streetscape with strong character.
4. There's no garage. Is adding one feasible?
The lot size is generous, which may provide space for a rear lane or detached garage, subject to local zoning bylaws and setback requirements. This is a key consideration for a buyer requiring vehicle storage.
5. How significant is the age of the home (1907)?
It means character and solid construction, but also requires diligent inspection. Key focuses should be the foundation, original wiring and plumbing, insulation, and the roof. Modernizing these systems is often the priority before cosmetic updates.