Property Overview & Key Characteristics
This 1911 one-and-three-quarter storey home in Winnipeg's Minto neighbourhood offers a blend of historic charm and practical updates. Its key appeal lies in its solid foundation as a renovated, character home with a surprisingly competitive position within its market. At 991 sq ft of living space on a 1,507 sq ft lot, the home is manageable in size. The renovated basement adds valuable functional space.
The home’s standout features are revealed in its comparative rankings. It sits in the top tier for lot size within its own street (top 6%) and neighbourhood (top 1%), suggesting a more generous outdoor space than most nearby properties—a rare find for an older home. It also ranks highly for its age within the area (newer than 94% of Winnipeg homes), indicating it's among the more mature, established houses on the block. The assessed value of $23.3k places it above average for the city, but recent nearby sales of comparable homes show a wide range, from $19.2k to $55.4k, highlighting the value potential dependent on condition and specific location.
This property would suit a first-time buyer or a downsizer looking for a character home without an overwhelming footprint. It’s ideal for someone who values a larger-than-average lot in a mature neighbourhood and appreciates the low-maintenance advantage of a recently renovated basement. The data suggests it's a "diamond in the rough" candidate—a home with foundational strengths (lot size, age rank, update) in a area where similar homes can command significantly higher prices.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a "renovated basement" in a home of this era typically means it has been finished into a usable living space, such as a family room, office, or additional bedroom, and includes modern insulation, flooring, and likely updated moisture protection.
2. The assessed value is $23.3k, but a similar home sold for $19.6k in 2020. What does this mean?
The assessed value is for municipal tax purposes, while sale price is determined by the market. The difference suggests the market value at that time was lower. However, the wide range of recent sale prices for similar homes ($19.2k to $55.4k) indicates that condition, specific upgrades, and layout dramatically influence value, making a current viewing essential.
3. There's no garage. What are parking options?
The property listing does not mention a garage. In this neighbourhood, parking is typically via on-street permit parking. It's important to verify the specific city regulations for the street.
4. The lot ranks in the top 1% of the neighbourhood for size. How significant is this?
This is a major advantage. It means this property offers more outdoor space than 99% of lots in Minto. This allows more room for gardening, private recreation, or potential additions like a shed or deck, which is uncommon for older, central neighbourhoods.
5. How does the living area (991 sq ft) compare to nearby homes?
It is moderately sized. The provided comparisons show everything from 759 sq ft to 2,279 sq ft. At 991 sq ft, this home is on the more compact side, which aligns with its potential as a starter or downsizer home, but the renovated basement effectively increases the total usable space beyond the official living area figure.