Property Overview: 536 Toronto Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1907, offers a practical footprint in the Daniel McIntyre neighbourhood. With 1,197 square feet of living space, it sits comfortably around the average size for both its street and local area. Its assessed value is notably strong for Toronto Street, ranking in the top 25% of comparable homes there, which suggests it is viewed favorably within its immediate context. The property sits on a standard city lot and features a basement that is present but not renovated.
The appeal here is one of straightforward potential in a central location. It suits a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values a lower entry point into a mature neighbourhood and is comfortable with a home that may require updates over time. The data indicates a property that holds its own on its block, offering a balance of space and value without the premium of a large lot or modern renovations. It’s a canvas for someone who sees the value in solid, historical bones and location over immediate turn-key condition.
Frequently Asked Questions
1. What does the assessed value ranking actually tell me?
It indicates that, compared to other homes on Toronto Street, this property’s official assessed value is relatively high (top 25%). This often reflects factors like lot location, building size, or recent sales on the street, but it doesn't directly predict market sale price.
2. Is the unrenovated basement a major concern?
It presents both a consideration and an opportunity. While it may lack finished living space, it provides essential utility storage and mechanical systems. For a buyer planning renovations, it offers a blank slate without the cost of undoing someone else’s poor work.
3. How does the 2020 sale price of $200k relate to today’s value?
That sale provides a historical benchmark, but market conditions have likely shifted since. It’s most useful for understanding the property’s price trajectory (it sold for $110k earlier in 2020) and should be considered alongside more recent comparable sales.
4. The home is older than most in the city. What should I consider?
Its 1907 build date is typical for Daniel McIntyre. This means character and central location, but also necessitates a thorough inspection for aging components like wiring, plumbing, and the foundation. Budgeting for maintenance is key.
5. The lot is smaller than many in Winnipeg. Is that a drawback?
For the neighbourhood and street, the lot size is fairly standard. It means less yard maintenance, which can be a plus for many, but less private outdoor space. The trade-off is often a more accessible price point and a walkable, community-focused lifestyle.