Property Overview
This 760 sqft, one-storey home on a 2,490 sqft lot is a compact, character property built in 1907. Its key appeal lies in its renovated basement and its position as a relatively affordable entry point into Winnipeg’s Daniel McIntyre neighbourhood. The home is smaller than most in the area, but its assessed value is around the local average, suggesting the lot and location hold significant value. Recent sales history shows steady price appreciation. This isn't a sprawling family home; instead, it suits first-time buyers, downsizers, or investors looking for a manageable property with renovation potential in a central, established community. Its smaller scale could mean lower utility costs and less upkeep, offering a simpler lifestyle close to urban amenities.
Frequently Asked Questions
1. How does the home's smaller size impact its value?
While the living area is below average for the street and city, the assessed value aligns more closely with local averages. This indicates that the value is likely driven more by its lot location, the renovated basement, and the character of the neighbourhood than by sheer square footage.
2. What does the sale history tell us?
The property sold for $130k in 2017 and $160k in 2022. This trajectory shows consistent growth over a five-year period, which can be a positive indicator of the area's stability and the property's maintained value.
3. Is the renovated basement a full suite?
The listing notes a renovated basement but does not specify if it is a legal suite with a separate entrance. This is a key detail to verify, as it impacts rental potential and insurance.
4. How does the age of the home affect maintenance?
Built in 1907, the home is older than most in Winnipeg. Prospective buyers should budget for and prioritize inspections focused on foundational integrity, wiring, plumbing, and insulation, which may need updating in a home of this era.
5. The lot seems modest. Is there room for expansion?
At 2,490 sqft, the lot is below average for the street but typical for the central neighbourhood. There may be limited space for major additions, but it could accommodate a deck, garden, or small extension, subject to local zoning bylaws.