Property Summary: 550 Victor Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic two-storey home built in 1907, offering 1,404 sqft of living space on a 2,345 sqft lot in the Daniel McIntyre neighbourhood. Its key appeal lies in its solid, above-average interior space for the immediate area and its character as an early 20th-century property. The home features a detached garage and an unrenovated basement, presenting a straightforward canvas.
The property suits two main types of buyers. First, it’s a practical entry point for first-time buyers or investors seeking a character home in a central neighbourhood without a premium price tag, as the assessed value is modest relative to the citywide average. Second, it appeals to those who value authenticity and are prepared for the specific maintenance and potential updating that comes with a 119-year-old structure. A less obvious perspective is that its smaller lot size, while below average, translates to less yard maintenance—a potential plus for busy households or those seeking a more lock-and-leave lifestyle within a house format.
Section 2: Frequently Asked Questions
1. How does this home compare in size to others nearby?
At 1,404 sqft, the living area is above average for both Victor Street and the broader Daniel McIntyre neighbourhood, offering more interior space than many comparable local homes.
2. Is the assessed value a reliable indicator of the likely sale price?
Not directly. The home’s assessed value of $180k is significantly below the Winnipeg citywide average for homes. Market conditions, the home’s condition, and buyer demand for character homes in central neighbourhoods will be the primary drivers of sale price.
3. What should I consider with a home built in 1907?
While offering charm, a home of this age requires a focus on foundational integrity, historical wiring or plumbing updates, and overall maintenance. An unrenovated basement also suggests systems (like the furnace or water heater) may be older and due for inspection.
4. The lot size is noted as "below average." How significant is this?
The lot is smaller than most in the city, but is more typical for the central, established neighbourhood. It means less private outdoor space but also less upkeep. The presence of a detached garage still provides off-street parking.
5. The home last sold in 2016 for $13,500. Is that relevant today?
That sale price is from eight years ago and is not a meaningful indicator of current value. It likely reflects a very different market condition or a unique circumstance at the time of that transaction.