Property Summary: 558 Maryland Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a substantial, character-filled home built in 1909, offering generous living space of over 2,000 square feet across two and a half storeys. Its primary appeal lies in its established presence and above-average size for the Daniel McIntyre neighbourhood, where it ranks within the top tier of homes. The property sits on a standard city lot and features a full, unrenovated basement, presenting a classic canvas.
The home is ideally suited for a specific buyer: someone seeking a project-in-waiting with solid bones. It’s a fit for those who value the architectural character of a century-old home and have the vision (and budget) to modernize it over time. Its significant living area is a major asset for growing families or those needing ample room, especially when compared to most homes in the central area. The appeal is less about move-in-ready perfection and more about long-term potential in a well-located, historic property.
Section 2: Frequently Asked Questions
1. What does "basement, not renovated" typically mean?
It indicates the basement is unfinished or in its original state. Buyers should budget for potential updates to plumbing, electrical, or foundational insulation, but also see it as open space to customize.
2. How significant is the home's age (1909)?
While it offers classic charm and sturdy construction, it necessitates a thorough inspection for aging components like wiring, plumbing, and the roof. Its age is a feature that adds character but requires proactive maintenance.
3. The assessed value seems low compared to city averages. Why?
Property assessments are for municipal tax purposes and don't always reflect market value. In this case, the assessment is influenced by the home's condition and the neighbourhood's average values, not necessarily what it might sell for in a competitive market.
4. Who is this property not well-suited for?
It's likely not ideal for first-time buyers seeking a low-maintenance start, or for investors looking for a quick, turnkey rental. It best suits buyers prepared for a stewardship role over a piece of local history.
5. What are the advantages of its location on Maryland Street?
Being on a named street often means a larger, more established home. The data shows it ranks well for living area within its immediate area, suggesting it's among the more substantial properties on the block, which can be a point of stability and value.