Property Overview: 509 Victor Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home in the Daniel McIntyre neighbourhood, built in 1905. With 1,092 square feet of living space and a detached garage, it sits on a standard city lot. The home presents a practical, grounded opportunity. Its appeal lies in its established location and its position as a relatively average property within its immediate area—it doesn't stand out as exceptionally large or small, old or new, compared to its neighbours on Victor Street. This can be an advantage for a buyer seeking a straightforward, no-surprises entry into a mature community.
The home would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint without major renovations. The existing basement, noted as not renovated, offers potential for future development or simple utility storage. A thoughtful perspective for this property is to view its "averageness" on the street as a stability factor; it's less likely to be over-improved or uniquely challenging compared to nearby homes. Its assessed value is consistent with the local area, suggesting a fair market entry point.
Frequently Asked Questions
1. How does this home compare to others in the area?
The data shows this home is very typical for Victor Street itself. Its living area, assessed value, and land size are all around the average for the street, though it is slightly smaller than the street average for living space. It is an older home, even for a neighbourhood of historic character.
2. What does the assessed value indicate?
The assessed value is for taxation purposes and is not a market price. At $17,700, it is consistent with similar homes on the same street and in Daniel McIntyre. It is significantly below the citywide average, which is typical for an older, central neighbourhood home compared to newer suburban properties.
3. Is the lot size a constraint?
At 2,349 sq ft, the lot is slightly below average for the Daniel McIntyre neighbourhood but is a standard size for a central Winnipeg property. It provides adequate outdoor space for a patio or garden without extensive maintenance.
4. What might the "basement, not renovated" note imply?
This indicates the basement is in original or functional condition, but not modernized as finished living space. Buyers should budget for potential updates to moisture management, insulation, or mechanical systems common in homes of this age.
5. Who might this property not suit?
It may not suit buyers seeking a move-in-ready modern home, extensive square footage, or a large private yard. The older age also suggests a higher likelihood of ongoing maintenance compared to a newer build.