Property Overview: 132 Mcphail Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home built in 1914, presenting a practical opportunity in Winnipeg's Chalmers neighbourhood. Its key features include a renovated basement and a detached garage. With 1,040 sqft of living space on a 2,500 sqft lot, the home offers a manageable scale for a small household or first-time buyer.
The appeal lies in its position as a relatively affordable, no-fuss property in an established area. The data suggests it is consistently priced below the city-wide average, offering an entry point into the market. Its lot size is notably larger than many in the immediate neighbourhood, providing above-average outdoor space for the area. The recently renovated basement adds modern utility to the century-old structure.
This home would best suit a pragmatic buyer—perhaps a first-time purchaser, an investor, or someone looking to downsize—who values function over grandeur. It’s for someone who understands they are buying a well-aged home (112 years) and is comfortable with the character and potential maintenance that entails, balanced by the upside of a finished basement and a decent-sized lot for the location.
Frequently Asked Questions
1. What does the assessed value tell me about the property tax?
The assessed value is significantly lower than typical sale prices in Winnipeg. While not a direct predictor, it generally indicates that the municipal property tax burden may be relatively modest compared to homes with a higher assessment.
2. The home is over a century old. What should I consider?
While the basement has been renovated, the core structure, plumbing, and electrical systems are from a different era. A thorough inspection is essential to understand the condition of these older components and plan for potential updates.
3. How does the lot size compare?
At 2,500 sqft, the lot is actually larger than many in the Chalmers area, ranking in the top half of the street. This means more yard space than some neighbouring properties, which is a less obvious advantage in an older neighbourhood.
4. The sale history shows prices around $18k-$19k. Is that accurate?
Those figures are likely for the land value only, reflecting a previous sale of the lot or a very distressed property state. They are not indicative of the current market value for a house with a renovated basement. Always rely on a current market evaluation.
5. Is the detached garage a major benefit?
In an older neighbourhood where many homes lack garages or have only a carport, a detached garage provides secure storage and parking—a valuable practical asset that can also be a future workshop or project space.