Property Overview & Appeal
This 1907 two-and-a-half storey home in Daniel McIntyre presents a classic Winnipeg character property with significant upside. Its key characteristic is a generous 1,620 sqft living area, which ranks in the top 6% for size on its street and top 9% in the neighbourhood, offering more space than many comparable heritage homes. The appeal lies in its clear potential: it sits on a large 2,465 sqft lot and has an unrenovated basement, presenting a blank canvas for customization. The very low assessed value, while reflecting its current condition, also indicates a lower property tax base—a practical advantage for a renovator.
This home would ideally suit a hands-on buyer looking for a character-filled project. It’s a prime candidate for an investor or homeowner with a vision who is prepared to modernize the systems and interiors while preserving its historic charm. The stats suggest it's a "diamond in the rough" on a street where nearby properties have seen substantial value increases, appealing to those who see long-term value in location and footprint over immediate move-in readiness.
Frequently Asked Questions
1. What does "unrenovated basement" typically mean for a house of this age?
It usually indicates the original foundation and layout, likely with low ceilings, older plumbing and electrical systems, and basic finishes. It represents both a project and an opportunity to insulate, moisture-proof, and design the space from scratch.
2. The assessed value seems very low compared to nearby homes. Why is that?
Municipal assessed value is for tax purposes and often lags behind market value, especially for properties in need of significant updating. It primarily reflects the home's condition and features as-is, not its potential after renovation or current market demand.
3. Who is the Daniel McIntyre neighbourhood suited for?
It's a central, established neighbourhood popular with students, young professionals, and families attracted to its mix of historic homes, accessibility to downtown, and local amenities. It offers an urban, community-oriented lifestyle.
4. What are the less obvious considerations with a 1907 build?
While offering charm, you should proactively budget for potential updates to foundational elements like wiring, plumbing, and insulation to meet modern standards. Heritage character can sometimes come with the need for specialized repair techniques.
5. The lot is large for the area. What are the implications?
A 2,465 sqft lot provides valuable outdoor space and potential for landscaping, gardens, or adding a deck. It also may offer more flexibility for future additions or upgrades, subject to local zoning bylaws, which is a rarity in central neighbourhoods.