Property Overview: 875 Downing Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, character home in Winnipeg's Minto neighbourhood, built in 1942. Its primary appeal lies in its efficient scale and strong value within its immediate area. At 759 sqft, the living space is notably modest—smaller than most comparable homes on its street and in the wider city—making it a true starter home or downsizing opportunity. However, its assessed value ranks in the top 20-24% locally, suggesting it is viewed favorably relative to its neighbours, possibly due to its well-sized 3,648 sqft lot, which is above average for Minto.
The property suits buyers seeking an affordable entry into the market who prioritize land size over interior square footage. It’s a pragmatic choice for those comfortable with a home requiring potential updates (given its age) and who value a neighbourhood where the investment per square foot appears strong. A less obvious perspective is that its smaller size and older vintage could mean lower utility costs and a simpler, more manageable upkeep, appealing to those seeking a minimalist lifestyle or a focused renovation project.
Section 2: Frequently Asked Questions
1. How does the home's small size impact its value?
While the living area is below average, the assessed value is above average for both the street and the Minto area. This indicates that factors like its lot size, condition, or location on the block are likely contributing positively to its valuation.
2. What should I consider about the home's age (built in 1942)?
As an 84-year-old home, it may have original charm but will likely require attention to aging components like plumbing, electrical, or insulation. A thorough inspection is essential. On its street and in Minto, however, its age is very typical.
3. The last sale was between $250k-$300k in 2017. How useful is that price today?
It provides a historical benchmark, but market conditions have changed significantly since 2017. It's best used as a rough guide rather than a direct indicator of current value.
4. How does the lot size compare?
The lot is a key feature. At 3,648 sqft, it is larger than many in the Minto area, offering valuable outdoor space or future potential that smaller, newer lots often lack.
5. Who are the most comparable neighbours?
The most direct comparisons are other homes on Downing Street, which have an average living area of about 948 sqft and an average assessed value of about $25.7k. This highlights that 875 Downing is a more compact home on a similarly valued street.