Property Overview & Key Characteristics
This one-and-three-quarter storey home, built in 1909, is a classic Winnipeg character property on a notably large lot (3,482 sq ft) for the William Whyte neighbourhood. Its key appeal lies in its solid foundation as a renovation or value-creation project. The home has a good-sized living area and an unrenovated basement, presenting a blank canvas. The lot size ranks in the top quarter of the street, offering rare potential for expansion, gardening, or outdoor space in an inner-city setting.
It would best suit a hands-on buyer, such as an investor looking for a hold-and-renovate opportunity, or a first-time purchaser with renovation skills and a vision to customize a home with good bones. The very low assessed value indicates it's likely a project property, appealing to those comfortable with a process over a move-in-ready purchase. A less obvious perspective is its potential for multi-generational living, where the large lot and existing footprint could allow for future additions or suites, subject to zoning.
Frequently Asked Questions
1. Is this a move-in ready home?
No. The listing notes an unrenovated basement, and the assessed value is significantly lower than similar-sized homes in the area, strongly suggesting it requires substantial updates throughout.
2. What does the lot size mean for me?
At 3,482 sq ft, the lot is larger than 79% of others on the street. This is a major asset, providing more privacy, yard space, and future potential than is typical for the neighbourhood.
3. How does the assessed value compare?
At $14,400, it's in the top 4% of Winnipeg for low assessed values. This typically reflects the property's current condition rather than its market price, and will have implications for property taxes.
4. What is the neighbourhood like?
William Whyte is a historic, central neighbourhood. Buyers should personally research the area to ensure it fits their lifestyle, as character and convenience often come with the dynamics of an evolving inner-city community.
5. Are there any major concerns with a house this old?
While the structure has stood for over 115 years, a pre-purchase inspection is essential. Key focuses should be the foundation, roof, wiring, plumbing, and heating systems, common areas for significant investment in homes of this era.