Property Overview: 749 Clifton Street, Winnipeg
Key Characteristics & Appeal
This home at 749 Clifton Street in the Minto neighbourhood presents a distinct profile defined by its contrasts. Built in 1913, it is a notably older property, ranking in the oldest 15% on its own street. This suggests a classic character home, likely with the architectural details and solid construction of its era, but also implying a greater potential need for updates and maintenance compared to newer builds.
Its primary appeal lies in its generous living space. At 1,255 square feet, it offers significantly more room than most comparable homes in both the immediate area and the wider Minto neighbourhood, ranking in the top 22%. This makes it a spacious option within its local market. The lot size of 3,395 sqft is fairly standard for the area, providing adequate outdoor space.
The financial picture is nuanced. The home’s assessed value is modest relative to the city, but its recent sold price (2024) fell within the $300k-$350k range, which ranks much higher locally. This gap between the lower assessed value and the recent market price may indicate updates or market factors not captured in the assessment, and could represent an opportunity for the right buyer. This property would suit a practical buyer or investor who values interior space over modern fixtures, is comfortable with the responsibilities of an older home, and sees potential in a well-located, character property. It’s less suited for those seeking a turn-key, modern home or a very large yard.
Frequently Asked Questions
1. Why is there such a difference between the assessed value and the recent sold price?
The assessed value is for municipal tax purposes and can lag behind current market conditions. The sold price from 2024 reflects what a buyer actually paid, which can be influenced by recent renovations, market demand, and the home’s specific condition, which aren't fully captured in the assessment.
2. What are the implications of the home being built in 1913?
You can expect classic character and sturdy construction, but also should budget for and investigate the age of major systems like plumbing, electrical, and the foundation. Older homes often require more diligent maintenance and potential upgrades to meet modern standards.
3. How does the living area compare to nearby homes?
This is one of the home's strongest points. At 1,255 sqft, it is larger than approximately 85% of similar homes on Clifton Street and 78% of those in the Minto area, offering above-average interior space for the neighbourhood.
4. What does the sold price ranking tell me?
The 2024 sold price ranked in the top 17% on its street and top 9% in the Minto area, but only around the middle (51%) city-wide. This indicates that while the price was high for its immediate location, it was more average compared to all Winnipeg homes, highlighting the variation in value between neighbourhoods.
5. Who would this property be a good fit for?
It’s ideal for a buyer who prioritizes interior space and neighbourhood character over a modern, low-maintenance home. It could appeal to an owner-occupant willing to handle ongoing updates or an investor looking for a character property in a central location, provided they have thoroughly inspected the condition due to its age.