Property Overview: 535 Maryland Street
Key Characteristics & Buyer Appeal
This is a substantial, character-filled home built in 1905, offering above-average space both inside and out. With over 2,100 sqft of living area, it ranks in the top 19% for size on its street and the top 2% within the Daniel McIntyre neighbourhood, making it a notably spacious option for the area. The home sits on a larger-than-average lot for the community, providing valuable outdoor space. It features a renovated basement and a detached garage. Its assessed value positions it as an above-average property locally, suggesting solid inherent value within its immediate context.
The appeal lies in acquiring a "large-for-the-area" character home with modernized fundamentals. It suits buyers looking for the roominess and architectural presence of a classic two-and-a-half-storey without moving to the suburbs, preferring instead the established, inner-city feel of Daniel McIntyre. It’s a practical choice for those who need multiple bedrooms, value private outdoor space, and appreciate a home that stands out in size and stature within its surrounding community.
Frequently Asked Questions
How does the assessed value compare to recent sale prices?
The home last sold in September 2021 for $30.5k. Its current assessed value is $29.2k, indicating a stable valuation close to its recent purchase price.
Is the lot size typical for Winnipeg?
While the lot is above average for both Maryland Street and the Daniel McIntyre neighbourhood, it is below the city-wide average. This highlights the property’s generous yard for an inner-city location, though lots in newer suburban areas are generally larger.
What does the "Elite" ranking for living area in the neighbourhood mean?
Ranking in the top 2% for living area in Daniel McIntyre means this home is significantly larger than most in the area. If interior space is a priority, this property offers a rare amount of it for this community.
The home was built in 1905. What should I consider?
While the basement has been renovated, the core structure is over a century old. Prospective buyers should budget for and investigate the condition of age-related components like the original plumbing, electrical systems (unless updated), and the foundation, alongside enjoying the character they bring.
How does this home fit within the context of Maryland Street itself?
The data shows this property is consistently above the street average for living area, land area, and assessed value. It is not an average home for the block; it is one of the larger, more valuable properties on the street.