Property Overview
532 Simcoe Street is a compact, one-storey home built in 1907, situated in Winnipeg's Daniel McIntyre neighbourhood. With 876 square feet of living space and a renovated basement, it sits on a roughly 2,500 sqft lot. Its key appeal lies in its position as an accessible, lower-cost entry point into the Winnipeg market, particularly for those valuing location over size. The home is notably below the city averages for living area, lot size, and assessed value, but is more aligned with the averages for its immediate street and neighbourhood. This suggests it is a typical, no-frills property for the area rather than an outlier. The renovated basement adds functional living space, a significant plus for a home of this size.
This property would best suit first-time buyers, downsizers, or investors seeking a straightforward, manageable property with renovation potential. Its below-average price point for the city offers a foothold in the market, while its core neighbourhood provides established amenities and transit links. A thoughtful perspective is that this home represents the "bones" of the area—a chance to own a piece of its history and community without the premium of a modernized or expanded footprint. It’s for a buyer who sees potential in a modest, honest structure rather than someone seeking move-in-ready perfection or ample space.
Frequently Asked Questions
Is this a small house?
Yes. At 876 sqft, the living area is below average for the street, neighbourhood, and significantly below the Winnipeg city average. The layout and renovated basement will be crucial for making the space work comfortably.
How does the assessed value compare?
The assessed value of $15,500 is around average for Simcoe Street but below average for the wider Daniel McIntyre area. City-wide, it is in the bottom 3% of assessed values, indicating this is one of the more affordable property types in Winnipeg.
What does the lot size mean for potential expansion or outdoor space?
The 2,505 sqft lot is slightly below average for the street. It provides a standard urban yard but may present limitations for significant lateral expansions or additions compared to larger lots, common in older neighbourhoods.
The home was built in 1907. What should I consider?
While the age is typical for the street, a 119-year-old home requires diligent inspection for foundational integrity, wiring, plumbing, and insulation. The renovated basement is a positive, but the overall condition of original elements will be key.
Who are the typical neighbours or buyers here?
Based on comparable listings and values on Simcoe Street, the area features a mix of long-term residents, investors, and first-time homeowners. It's a practical, unpretentious block where property values are driven more by affordability and location than luxury.