Property Overview: 601 Clifton Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home on Clifton Street in the Minto neighbourhood is defined by its historical roots and practical value. Built in 1900, it is one of the older homes in the area, offering classic character. With 1,056 sqft of living space, it provides a comfortably sized layout that is very typical for similar homes in Minto and across Winnipeg.
The primary appeal lies in its accessibility. The assessed value is notably below average for the street, neighbourhood, and city, suggesting a lower property tax burden and an entry point into the market. Its last recorded sale was between $200k-$250k in 2021. The lot, while smaller than most in the city, is a manageable size for low-maintenance outdoor space.
This property would best suit a pragmatic first-time buyer or an investor looking for a character home with established, below-average carrying costs. It’s for someone who values a straightforward, no-frills investment in a mature neighbourhood over modern finishes or a large yard. A thoughtful perspective is that its age and smaller lot, while ranking "below average" on paper, are precisely what create its affordability and reduce upkeep demands.
Section 2: Frequently Asked Questions
1. What does the "below average" assessed value really mean?
It means the city's assessment for this property is lower than most comparable homes. This typically results in lower annual property taxes, which is a key ongoing cost savings for the owner.
2. The home was built in 1900. What should I consider?
While offering charm, a home of this age requires a diligent inspection. Focus on the condition of major systems (like wiring, plumbing, and the foundation) and updates that may have been made over the years. Its longevity can also speak to the quality of its original construction.
3. How does the smaller land area affect me?
The 2,304 sqft lot means less yard maintenance, which can be a benefit for those seeking a simpler lifestyle. However, it also means limited space for expansions, large gardens, or extensive outdoor entertaining areas.
4. The home sold in 2021. Why is the exact price not listed?
Exact sale prices in Manitoba are not publicly available online. The range provided is based on market data, but you can request the precise figure directly from the listing service via email for accurate financial planning.
5. The rankings show it's "around average" for size but "below average" for value and lot. Is that unusual?
Not necessarily. It indicates you are getting a standard amount of living space, but on a more compact lot and at a value figure the market has historically set lower. This can represent a efficient use of space for the price point.