Property Overview: 529 Maryland Street, Winnipeg
Key Characteristics & Appeal
This is a character home built in 1905, offering a blend of historic charm and practical updates. The 1,207 sqft one-and-a-half storey house sits on a notably generous 3,699 sqft lot for its Daniel McIntyre neighbourhood, providing above-average outdoor space compared to nearby properties. Key features include a renovated basement and a detached garage. Its living space is modest for the immediate street but aligns closely with the Winnipeg citywide average, positioning it as a comfortable, efficient footprint.
The primary appeal lies in its balance. It offers the established feel of a century-old community with the benefit of a renovated basement, suggesting lower immediate maintenance. The lot size is a significant asset, presenting rare potential for gardening, expansion, or simply more private outdoor living in a central area. It would suit first-time buyers seeking an entry into a character neighbourhood without a massive restoration project, or practical downsizers looking for a manageable home with a good yard. The assessed value history indicates a stable, modestly priced property in its local context, appealing to value-conscious buyers.
Frequently Asked Questions
1. What does the "renovated basement" entail?
The listing confirms the basement has been renovated, but specifics on finish quality, ceiling height, moisture management, or permitted work should be verified with the seller and a home inspection.
2. How does the assessed value relate to the likely sale price?
The municipal assessed value is significantly lower than recent sale prices (e.g., $180k in 2022). This is common and reflects a provincial assessment formula, not current market value. Sale price is determined by the market.
3. What are the implications of the 1905 build date?
While offering charm, it necessitates a thorough inspection for era-specific concerns like knob-and-tube wiring, original plumbing, insulation, and foundation integrity. The renovated basement is a positive sign of some updating.
4. The lot is large for the area. What are my options?
The generous lot is a key feature. Beyond gardening and recreation, it may allow for future additions like a shed, deck, or porch, subject to City of Winnipeg zoning bylums and permits. It also contributes to a less crowded feel.
5. How does this home compare in size to others?
At 1,207 sqft, it's smaller than the average home on Maryland Street itself but very close to the average for both the Daniel McIntyre neighbourhood and Winnipeg as a whole. It represents a efficiently sized, character-home layout.