Property Overview
This 1914 home in Daniel McIntyre presents a unique urban opportunity. Its primary appeal lies in its exceptionally low municipal assessed value of $5,200, which is in the top 0% for both the neighbourhood and all of Winnipeg, indicating a very low annual property tax burden. The 510 sqft living area is compact, ranking in the top 4% for size on its street, suggesting a smaller-scale dwelling among its neighbours. While it lacks a basement, garage, and pool, its position is notable: it ranks in the top 1% of properties on Maryland Street and the top 0% within the broader Daniel McIntyre area for overall area ranking. This property would suit a specific buyer: an investor or hands-on homeowner looking for a minimal tax base, potentially for a land play, a compact living experiment, or a foundational property in a central neighbourhood where the value is heavily weighted toward the location rather than the existing structure. It’s a pragmatic choice for those comfortable with a project or seeking an affordable entry into the market with upfront financial efficiency.
Frequently Asked Questions
1. What does a very low assessed value practically mean for me?
It translates directly to very low annual property taxes, a fixed cost savings. However, it often indicates the municipality values the current structure minimally, so the price is likely driven by the land value and potential.
2. The home is 112 years old and 510 sqft. What should I consider?
Expect character but also the need for potential updates to systems like wiring or plumbing. The small square footage demands efficient use of space and may not suit everyone, but it offers manageable upkeep and lower utility costs.
3. The listing shows no basement. What are the implications?
All mechanical systems (furnace, water heater), storage, and laundry will need to be accommodated on the main floor, impacting the living space layout. There is also no potential for a below-grade suite or traditional basement storage.
4. How significant are the high area rankings (Top 1% on street, Top 0% in neighbourhood)?
These statistical rankings suggest the property’s lot or location is considered superior within its immediate context compared to most nearby properties, which is a positive attribute for location-based value.
5. Who is this property not well-suited for?
It is likely not a match for families needing multiple bedrooms and ample space, those wanting a move-in-ready home without renovation projects, or buyers who require on-site parking or basement storage.