Property Overview: 544 Victor Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home on Victor Street in Daniel McIntyre is a classic character property with a renovated basement. Built in 1909, it offers 1,320 sqft of living space, which is notably above average for the immediate neighborhood. The home sits on a standard city lot of 2,346 sqft. Its assessed value is positioned below the citywide average, suggesting a potentially accessible entry point into the market.
The primary appeal lies in its balance of historic charm and practical updates within a central, established community. It suits first-time buyers or downsizers looking for a manageable, character-filled home without a massive yard or premium price tag. A thoughtful perspective is that its "above average" size for the area and "below average" assessment for the city could represent a value opportunity for a handy buyer in a neighborhood where many homes are older and smaller. It’s a property for someone who values location and space over modern finishes and a large lot, and who is comfortable with the maintenance considerations of a century-old home.
Section 2: Frequently Asked Questions
1. What does the assessed value tell me about the property?
The assessed value is significantly below the citywide average, which can indicate a more affordable tax base. However, it’s important to distinguish assessed value for taxation from current market value, which is determined by recent sales, condition, and demand.
2. How does the living space compare to nearby homes?
At 1,320 sqft, this home offers more living area than most comparable properties in both the Daniel McIntyre area and on Victor Street itself, where it ranks in the top 35%. This is a key advantage for the neighborhood.
3. What should I consider with a home built in 1909?
While full of character, a home of this age will likely have older infrastructure (like plumbing and electrical) unless it has been comprehensively updated. A thorough inspection is essential to understand the condition and any needed investments.
4. Is the lot size a limitation?
The lot is smaller than the Winnipeg average, which means lower maintenance but also limited space for expansions, additions, or extensive outdoor living areas. It’s typical for the inner-city neighborhood.
5. The home sold in 2020; is that recent sales data relevant?
The 2020 sale price provides historical context, but the market has changed considerably since then. It should not be used as a direct indicator of current value. Rely on professional appraisal and recent comparable sales from 2023 or 2024.