Property Overview
413 Seymour Street is a compact, 596-square-foot home built in 1937 on a 3,001-square-foot lot in Winnipeg's Robertson neighborhood. Its most defining characteristic is its size, which ranks in the bottom 2-3% of homes locally and citywide. With an assessed value of $215k, it sits below area averages but offers a notably lower price point within the city. Recent sales data shows it sold between $250k-$300k in August 2024, a significant increase from its $150k-$200k sale in late 2021.
Key Characteristics & Target Buyer
The primary appeal of this property is its affordability and entry-level positioning in the Winnipeg market. It represents a chance to own a detached home with a decent-sized lot at a cost well below the city average. Its recent sale history suggests strong appreciation potential in a short period. The home would suit a first-time buyer, an investor looking for a rental property, or someone seeking a minimalist, low-maintenance footprint. Its smaller size means lower utility costs and less upkeep, but it requires efficient use of space.
A less obvious perspective is its position within its immediate street context. While small citywide, its lot size is closer to the street average, and the home itself is older than many in the broader neighborhood. This indicates it fits the historic character of Seymour Street. For the right buyer, it’s a pragmatic step onto the property ladder in an established area, with the lot offering future potential.
Frequently Asked Questions
1. Is this home unusually small?
Yes. At 596 square feet, its living area is significantly smaller than averages for the street (941 sq ft), neighborhood (977 sq ft), and Winnipeg overall (1,342 sq ft). It ranks in the top 98-99% for small size, meaning only 1-2% of comparable homes are smaller.
2. What is the potential for future value growth?
The assessed value is below area averages, which can indicate room for growth. The sold price increased by approximately $100k between 2021 and 2024, demonstrating notable appreciation. However, its compact size may always influence its value relative to larger homes.
3. Who would this property not suit?
It would likely not suit a growing family needing multiple bedrooms, anyone who works extensively from home without dedicated space, or buyers who prioritize spacious, modern interiors. The limited square footage requires conscious living.
4. How does the lot size compare?
The 3,001-square-foot lot is closer to the street average but below the neighborhood and city averages. It provides a good outdoor space relative to the home's size, which is a positive feature for expansion, gardening, or outdoor living.
5. How reliable is the sold price data shown?
The site states sold prices are based on public internet data, not the MLS, and are presented in $50k bands for non-members. For fully verified, exact figures, you must request a manual lookup from the site via email, as they do not have access to official MLS sales records.