Property Overview & Appeal
This 625 sqft residence, built in 1914, presents a highly affordable entry point into Winnipeg’s sought-after Daniel McIntyre neighbourhood. Its standout characteristic is its exceptionally low municipal assessed value, which ranks in the top 1% of the area, indicating a very low property tax burden. The home’s appeal lies in its potential as a starter home, a strategic investment property, or a minimalist urban dwelling. It suits buyers looking for a low-cost foothold in a well-ranked central neighbourhood, including first-time purchasers, investors seeking a rental with minimal overhead, or those who prioritize location and financial efficiency over square footage. A thoughtful perspective is that this property represents a "blank canvas" opportunity in a mature area; its value is derived more from the land and location than from the current structure, offering freedom for renovation or future redevelopment.
Frequently Asked Questions
1. What does the "Top 1%" ranking for assessed value mean?
This means the property's municipal assessed value for tax purposes is lower than 99% of other homes on the same street. It translates directly to one of the lowest possible property tax bills in the area.
2. Is the small living area a concern?
At 625 sqft, the home is compact. It would suit a single occupant, a couple, or an investor. Its size is a key factor in its affordability and low operating costs, appealing to a specific, efficiency-minded buyer.
3. Why is the assessed value so much lower than nearby properties?
Significant differences in assessed value, even on the same street, typically reflect variations in lot size, building condition, improvements, and exact location. This home's very low assessment suggests it is a more modest structure compared to larger or renovated neighbours.
4. What are the implications of "No Basement"?
The absence of a basement limits storage and mechanical space. It may also influence foundation type and renovation possibilities. This is a practical consideration for storage needs and where utilities like the furnace and water heater will be located.
5. How should I interpret the "Year Built" ranking?
While built in 1914, it ranks newer than 80% of homes on its street, indicating the surrounding houses are predominantly even older. This highlights the historic, established character of the neighbourhood rather than the newness of this specific home.