Property Overview: 547 Toronto Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey character home built in 1911, situated on a standard city lot in the Daniel McIntyre neighbourhood. Its primary appeal lies in its affordability and renovated basement, presenting a straightforward entry point into Winnipeg’s housing market. With a living area of 708 sq ft, it is notably smaller than most comparable homes in the city, which typically appeals to minimalists, first-time buyers, or investors seeking a manageable footprint.
The home’s assessed value is modest, positioning it as an accessible option. A thoughtful perspective is its age: while 115 years old places it above average for vintage on its street, it suggests a well-built core that has stood the test of time, but also implies a need for attention to potential updates. The property suits buyers with a limited budget who prioritize location over space, or those looking for a rental property with a modernized lower level. It is less suited for those requiring ample indoor living space, parking, or a modern, turn-key home.
Section 2: Frequently Asked Questions
1. How does the size of this home compare to others?
At 708 sq ft, the living area is significantly below the average for similar homes in Daniel McIntyre (approx. 1,142 sq ft) and city-wide (approx. 1,342 sq ft). This confirms it’s a compact property.
2. What does the assessed value indicate?
The assessed value of $16,900 is around average for its immediate street but well below the city-wide average. This generally reflects the home’s smaller size and modest market position, not necessarily its final sale price, which was $150,000 in August 2023.
3. Is the lot size a pro or a con?
The 2,323 sq ft lot is fairly typical for the street but below average for the wider area. It provides adequate outdoor space for a small garden or patio but is not expansive.
4. What should the age of the home (1911) signal to me?
It indicates solid, traditional construction but also means major systems (like plumbing, electrical, or the foundation) may have been updated or could require attention. Its longevity is a positive, but an inspection is highly recommended.
5. Who would this property not be a good fit for?
It would likely not suit growing families needing multiple bedrooms, individuals who work from home and need dedicated office space, or buyers who desire a garage or significant storage space within the home itself.