443 Seymour Street

Property Overview: 443 Seymour Street, Winnipeg

Key Characteristics & Appeal

This is a compact, early-20th century home in Winnipeg's Robertson neighborhood, presenting a clear value-oriented opportunity. Its key characteristic is its modest 572 sqft living area, which is notably smaller than averages for the street, neighborhood, and city. Built in 1922, it is older than most comparable homes. The assessed value of $185k is significantly below area and city averages, reflecting its size and vintage.

The primary appeal lies in its affordability and land. The lot is approximately 3,000 sqft, which is relatively standard for Seymour Street and offers potential for expansion or outdoor space that the home's footprint does not. It suits first-time buyers or investors seeking an entry point into the market with a manageable property, or those specifically looking for a lower-maintenance, cost-effective home where value is derived more from land and location than from finished living space. A thoughtful perspective is that this property represents the "baseline" of the local market—its metrics consistently rank at or near the bottom in comparisons, which can be a strategic starting point for buyers willing to renovate or build equity over time, rather than seeking a move-in-ready or spacious home.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
The assessed value is primarily driven by the home's very small living area and its age. With less than 600 sqft of finished space, the valuation is proportionally lower than larger homes on the same street and in the wider area.

2. Is there room to expand the living space?
The lot size is a key asset here. At just over 3,000 sqft, the property has a land-to-building ratio that could allow for a thoughtful addition or renovation, subject to local zoning and permit approvals.

3. What does the sold price data indicate?
Public data suggests it sold between $150k-$200k in late 2024. This range places it in the lower 75th percentile for its street and lower 90th percentile city-wide, confirming its position as a more affordable option.

4. How does the age of the home affect things?
Built in 1922, potential buyers should budget for maintenance and updates consistent with a century-old home, including potential systems like plumbing, electrical, or the foundation. Its older age is factored into the lower assessment.

5. Where can I get verified sale history and exact figures?
The provided data is from public sources. For exact sale prices and a full transaction history, you must request a manual lookup from the site via email, as MLS data is not displayed here due to industry rules.