Property Overview
This two-storey home, built in 1907, offers a blend of historic character and practical space on a standard city lot. Its key appeal lies in its above-average living area of 1,440 sq ft compared to most homes on its street and in the Daniel McIntyre neighbourhood, providing more room than many similarly aged properties. The home features a detached garage and an unrenovated basement, presenting a straightforward canvas. It suits value-conscious buyers looking for a character home with solid square footage in a central Winnipeg neighbourhood, particularly those comfortable with a property that may require updates over time. A thoughtful perspective is that while its assessed value is modest citywide, it ranks well within its immediate area, suggesting it is a sizeable and established property in its local context rather than a premium city-wide investment.
Frequently Asked Questions
What does the "unrenovated basement" condition typically mean?
It generally indicates the basement is in original or functional condition, lacking modern finishes. It offers utility and storage space but presents a future opportunity for customization or upgrades.
How significant is the difference between the recent sale price and the assessed value?
The sale price of $200k is substantially higher than the $20.4k assessed value. In Manitoba, property assessments for taxation are not market valuations. The sale price reflects the current market value, while the assessment is used for calculating property taxes.
Is the living space efficiently laid out in a home of this era?
Homes from 1907 often have defined rooms and solid construction, but layouts can be compartmentalized compared to modern open-concept designs. The above-average square footage is a plus, but viewing the home is essential to assess the flow and functionality of the space.
What are the implications of the home ranking "below average" citywide for metrics like land size?
This primarily reflects that the property is a standard city lot in a central neighbourhood. It should be compared to similar inner-city homes, not newer suburban properties with larger lots. For its location, the lot size is typical.
Does the detached garage add significant value?
In a central neighbourhood where street parking can be at a premium, a detached garage is a strong practical asset for vehicle protection and additional storage, often enhancing the property's appeal and utility for buyers.