Property Overview: 876 Downing Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home, built in 1942, presents a solid opportunity in Winnipeg's Minto neighbourhood. Its primary appeal lies in its strong positioning within its immediate area. The 1,084 sqft living space is notably above average for Downing Street itself, offering more room than many direct neighbours. The assessed value also ranks well above average for both the street and the broader Minto area, suggesting a perception of good value relative to nearby properties.
The lot size of 3,616 sqft is a standout feature for the Minto area, providing more outdoor space than many comparable homes. While the home is older and its city-wide rankings for size, value, and lot are more modest, its local strengths are clear. It suits a practical buyer looking for a character home with a decent-sized yard in an established community, who values space and relative standing within a specific neighbourhood over newer construction or city-leading metrics. Past sale prices indicate steady interest, and its appeal is likely rooted in its functionality and above-average local attributes rather than luxury finishes.
Section 2: Frequently Asked Questions
1. How does this home truly compare to others nearby?
The data shows it consistently outperforms many immediate neighbours. Its living area is in the top 25% on its own street, and its lot size is in the top 30% within Minto, meaning you get more house and more land than a majority of comparable local properties.
2. The assessed value seems low. What does this mean?
The assessed value is for municipal tax purposes and is not market value. Its ranking—above average for the street and area—indicates the city assesses it as more valuable than many surrounding homes. The significantly higher city-wide average value reflects newer, larger homes in different suburbs.
3. What are the implications of the home being built in 1942?
While the home’s age is typical for Minto, being 84 years old means potential buyers should budget for updates and a thorough inspection. Systems like wiring, plumbing, and the roof may need attention or modernization.
4. What can past sale prices tell me?
The home sold in 2016 and again in 2019. The price increase between those sales aligns with broader market trends of the time. This history shows consistent marketability, but for a precise current valuation, a professional appraisal and market analysis are recommended.
5. Why does it rank lower city-wide in most categories?
This is expected for an older, centrally located neighbourhood home. City-wide rankings include vast new suburban developments with larger modern homes on bigger lots. This property’s appeal is its strength within its established community context, not in competing with newer suburbs.