Property Overview: 900 Dominion Street, Winnipeg
Key Characteristics & Appeal
This is a compact, post-war bungalow in the Minto neighbourhood, built in 1941. Its primary characteristic is its modest 628 sqft living area, which is notably smaller than most homes on its street, in Minto, and across Winnipeg. This is balanced by a reasonably sized 3,601 sqft lot that is typical for the local area. The home’s assessed value is relatively low, especially when compared to the city-wide average, suggesting a lower property tax burden.
The appeal lies in its position as an efficient, entry-level property. It suits first-time buyers, investors, or downsizers seeking a lower-cost foothold in the Winnipeg market with manageable upkeep. A thoughtful perspective is that while the house itself is small, the lot offers standard development potential for the area, providing future options not available with a condo. Its recent sale in the $250k-$300k range (2024) indicates it transacts as a functional asset rather than a premium home, appealing to those focused on practicality and land value over immediate square footage.
Frequently Asked Questions
1. Is the house too small for comfortable living?
At 628 sqft, it is significantly smaller than the average Winnipeg home. It would suit a single person, a couple, or someone comfortable with a minimalist, efficient layout. Its livability heavily depends on the interior condition and floor plan.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's characteristics (small size, older home) relative to others. It is more in line with averages in the Minto area, indicating this is a typical valuation for this type of property locally, which can mean lower annual property taxes.
3. What does the recent sale price tell me?
The 2024 sale in the $250k-$300k range, following a 2018 sale between $150k-$200k, shows a clear increase in market value over that period. It suggests the property is seen as a viable, appreciating asset in its segment.
4. Is the lot size a redeeming feature?
Yes. While the house is small, the 3,601 sqft lot is standard for the immediate area and larger than many city-wide lots. This provides adequate outdoor space and maintains future possibilities for expansion or redevelopment, subject to zoning.
5. How does the age of the home factor in?
Built in 1941, it is actually newer than many homes on Dominion Street and in Minto. While it will still require attention common to older homes (e.g., plumbing, wiring, insulation), it is not among the oldest in its core comparison group.