Property Overview: 395 Seymour Street, Winnipeg
Key Characteristics & Appeal
This is a modest, nearly 1,000 sqft character home built in 1929, situated on a standard 3,000 sqft lot in the Robertson neighborhood. Its primary appeal lies in its position as an affordable entry point into the Winnipeg market, with an assessed value significantly below both city and neighborhood averages. The home offers a practical living space that is typical for its immediate street, making it a straightforward and competitively priced option in its direct vicinity.
The property would suit first-time buyers or investors seeking a lower-priced asset with renovation potential, given its age. It also appeals to those who prioritize location and lot ownership over square footage, as the home's size is below the city average. A thoughtful perspective is that this home represents the "local normal"—while it ranks below average in broader comparisons, it is very much in line with the scale and value of other homes on Seymour Street itself, suggesting a stable, established streetscape without extreme outliers.
Frequently Asked Questions
1. Is this home a good value compared to its neighbors?
Based on assessed value, this home is priced below the average for both the Robertson neighborhood and Seymour Street itself, suggesting it could represent a relative value within its immediate context.
2. What should I consider about the home’s size?
At 966 sqft, the living area is typical for the street but below the Winnipeg average. Buyers should ensure the layout and room sizes meet their needs, as space is efficient rather than expansive.
3. How does the lot size impact potential?
The 3,000 sqft lot is average for the street but smaller than many lots in wider Robertson and Winnipeg. This may limit large-scale additions but is sufficient for a garden or patio.
4. What can the last sale price tell me?
The home sold between $200k-$250k in mid-2021. Market conditions have changed since then, so this provides a historical benchmark, not a current value. Exact sale prices can be requested from the site.
5. Are the older home’s systems and structure a concern?
Built in 1929, the home is older than most in the city. A thorough inspection is essential to understand the condition of the foundation, roof, wiring, and plumbing, which may require updates.