Property Overview: 388 Seymour Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling mix of space, value, and location within Winnipeg's Robertson neighborhood. Its primary strength is its generous living area of 1,336 sq ft, which ranks in the top 5% for both its immediate street and the broader Robertson area, offering more interior space than most nearby comparables. Built in 1923, it is one of the older homes on the block, which may appeal to those interested in classic character, though it suggests potential for maintenance or updates. The assessed value of $238k is notably below the Winnipeg city average, positioning it as an accessible entry point into the market. The lot size is standard for the street but smaller than many in the city.
The appeal lies in this specific balance: you get significantly above-average interior space for the immediate area at a below-average city price. It suits practical, value-conscious buyers—perhaps first-time homeowners or investors—who prioritize square footage and location within a established neighborhood over a newer build or a large yard. It’s a property that offers more house for your dollar on its street, with the understanding that its age and assessed value reflect a project-in-waiting or a straightforward home without premium finishes.
Frequently Asked Questions
1. Is the price fair compared to recent sales?
The home last sold between $200k-$250k in 2017. Its current assessed value of $238k is around average for Seymour Street but below the neighborhood and city averages, suggesting the asking price may be positioned for a competitive offer in today's market.
2. What does the 1923 build year mean for me?
As one of the older homes on the street, it likely has classic architectural details but may require more attention to aging components like wiring, plumbing, or windows compared to newer builds. An inspection is highly advised.
3. How does the living space compare?
This is the home's standout feature. At 1,336 sq ft, it is substantially larger than the average home on Seymour Street (941 sq ft) and in Robertson (977 sq ft), meaning you get more room than most of your neighbors.
4. Why is the assessed value below city average?
The below-average assessment reflects a combination of its age, the home's specific condition and features, and its location within the broader Winnipeg market. It indicates a potentially lower property tax burden but doesn't necessarily dictate market selling price.
5. How does the lot size impact the property?
The 3,000 sq ft lot is typical for the street but smaller than many in Winnipeg. This means lower outdoor maintenance but may limit expansion possibilities or privacy compared to properties on larger lots.