Property Overview
This 1,092 sqft one-and-three-quarter storey home, built in 1907, sits on a 2,302 sqft lot in Winnipeg's Daniel McIntyre neighbourhood. It features a detached garage and a basement that is present but not renovated. The home last sold in February 2016 for $190,000.
Key Characteristics & Appeal
This property is defined by its historic character and its practical positioning within the market. Its living space is notably above average for its immediate street, offering more room than many neighbouring homes. While the lot size is compact, this can translate to lower maintenance, a significant appeal for those seeking an inner-city location without extensive yard work. The assessed value is modest, especially when viewed city-wide, suggesting a potentially accessible entry point into homeownership.
Its core appeal lies in being a pragmatic, no-frills character home. It suits a first-time buyer or an investor looking for a straightforward property in a central, established neighbourhood without paying for modern renovations or expansive land. A thoughtful perspective is that its age and unrenovated state, while requiring attention, also mean it hasn't been subject to potentially low-quality flip renovations, offering a clean slate for someone to add value thoughtfully over time.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has slightly less full-height living space than the main floor, often with dormer windows, creating cozy and character-filled bedrooms.
2. Is the basement usable?
The listing confirms the basement exists but is "not renovated." It should be considered unfinished utility space, suitable for storage and housing mechanical systems, but not a finished living area.
3. How does the lot size impact the property?
At 2,302 sqft, the lot is compact. This limits expansive outdoor space but reduces maintenance responsibilities like mowing and gardening. It also typically means the home is closer to neighbouring houses.
4. Why is the city-wide assessed value ranking so high (Top 90%)?
A high percentile rank for assessed value here means the value is lower than most of the city. This indicates the property's assessment is well below the Winnipeg average, reflecting its age, size, and neighbourhood when compared to newer or larger homes in other areas.
5. What might be the main considerations for a buyer?
A buyer should prioritize a thorough inspection due to the home's age (built in 1907) to understand the condition of major systems like wiring, plumbing, and the foundation. Budgeting for updates and embracing the charm of an older home are key. The appeal is in the location, character, and the opportunity to customize, not in move-in-ready modern finishes.