Property Overview: 109 Diamond Street, Winnipeg
Key Characteristics & Appeal
This home at 109 Diamond Street in River East presents as a solid, middle-of-the-market property. Built in 1976, it is slightly newer than many comparable homes on its street and across Winnipeg. With 1,267 sqft of living space, the house is very close to the citywide average, offering a practical footprint for everyday living. Its standout feature is the 6,477 sqft lot, which is above average for both the street and the city, providing valuable outdoor space and potential.
The appeal lies in its consistency and balance. The assessed value of $360k sits comfortably below the neighborhood average, suggesting a potentially accessible entry point into the area. It’s a property that doesn’t excel dramatically in any single category but avoids significant drawbacks, representing a stable and predictable offering. This home would suit first-time buyers or downsizers looking for a manageable, no-surprises home in an established neighborhood, or an investor seeking a straightforward rental property with a good lot size. Its "around average" rankings across key metrics indicate it’s a home that reflects the character and value of its community rather than standing out as an exception.
Frequently Asked Questions
1. How does this home’s value compare to recent sales on the street?
Based on available data, the home last sold between $300k-$350k in July 2016. Its current assessed value of $360k places it in the top 70% for assessed values on Diamond Street, indicating it is valued higher than many of its immediate neighbors.
2. Is the lot size a significant advantage?
Yes. The lot of 6,477 sqft ranks above average both for the street and citywide. This means more private outdoor space than many comparable properties, which is a valued feature for gardening, recreation, or future expansion.
3. What does the "around average" living area mean for daily life?
At 1,267 sqft, the home provides space typical for the area. It is sufficient for a small family or couple but may feel compact for those needing multiple dedicated rooms or extensive storage. The layout and condition of the interior will be key factors in how livable the space feels.
4. The home was built in 1976. What should I consider?
While newer than the average on its street, a 50-year-old home will likely have had major systems updated. A thorough inspection is essential to assess the condition of the roof, windows, plumbing, electrical, and insulation. This era of home may also present opportunities for cosmetic modernization.
5. How can I verify the exact historical sale price?
The provided sold price is a range based on public data. For fully verified and exact sale figures from the MLS, you must request a manual lookup from the site via email, as this data is not displayed directly due to industry rules.