Property Overview & Key Characteristics
This 2.5-storey home, built in 1903, offers a blend of historic charm and modern updates on a generous lot in Winnipeg's McMillan neighbourhood. Its key appeal lies in its above-average living space (2,206 sq ft) and a fully renovated basement, providing flexible room for living, work, or storage. The detached garage and nearly 6,000 sq ft lot present clear potential for gardening, outdoor enjoyment, or future expansion.
The home suits buyers who appreciate character and space over new construction, and who are prepared for the upkeep of a heritage property. Its assessed value positions it as a more accessible entry point into the neighbourhood compared to many nearby homes, appealing to value-conscious buyers or those looking for a solid foundation to personalize over time. A thoughtful perspective is that while the home ranks very high city-wide for age, this denotes established character and mature streetscapes, not just a maintenance consideration.
Frequently Asked Questions
1. What does the "Top 1% in Winnipeg" ranking for year built mean?
This indicates the home is among the oldest 1% of properties in the city, highlighting its historic character. Buyers should factor in the potential for charming original features alongside the importance of a thorough inspection for an early 1900s build.
2. How does the living area compare to nearby homes?
At 2,206 sq ft, the living area is larger than approximately 85% of homes in McMillan and 94% in Winnipeg, offering substantial interior space for the area.
3. Is the assessed value a reliable indicator of the listing price?
Not directly. The assessed value of $39.1k is for municipal tax purposes. Market value is determined by recent sales of comparable properties, location, and condition. The provided comparable listings show a wide range of values in the area.
4. What are the implications of having a detached garage?
It provides secure parking and extra storage but requires going outdoors to access your vehicle. This can be a consideration during Winnipeg winters, though it also offers flexibility for use as a workshop or studio space.
5. The home ranks in the top third for size but the bottom third for assessed value in Winnipeg. Why the disconnect?
This is likely due to the home's age and the methodology of property assessment, which values land and building separately. It suggests the value may be more heavily weighted toward the sizable lot location rather than the structure itself, which is common for historic homes.