Property Overview: 579 Victor Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home built in 1907, offering 1,280 sqft of living space on a 2,350 sqft lot in the Daniel McIntyre neighbourhood. Its key features include a detached garage and an unfinished basement. The home presents a straightforward, no-frills opportunity, with its core appeal rooted in location and potential rather than recent upgrades.
Statistically, the property is consistently "around average" for its immediate street and neighbourhood in terms of living space, assessed value, and lot size. This indicates it’s a typical home for the area, not an outlier. A thoughtful perspective is that this averageness can be a strength: it suggests the home is unlikely to be over-improved for the block, offering a stable entry point into a mature community. Its last sale was in July 2021 for $180,000.
This property would best suit a practical buyer who values character and location over turn-key condition. It’s ideal for a first-time homeowner comfortable with a project, an investor looking for a rental property in a central area, or someone seeking a footprint in a well-established Winnipeg neighbourhood without a premium price for renovations already done by others. The unfinished basement and overall lack of recent renovations mean the next owner can customize the space to their own taste and budget.
Frequently Asked Questions
1. What does the assessed value tell me about the property tax?
The assessed value is $19,100. This is the value assigned by the municipal government for taxation purposes. Your annual property tax will be this assessed value multiplied by the City's annual mill rate. It is important to note that this figure is not a market valuation or an expected sale price.
2. How does the lot size compare to newer homes?
At 2,350 sqft, the lot is below the citywide average. In central, older neighbourhoods like Daniel McIntyre, this is a common and efficient use of land. It means less yard maintenance but also less private outdoor space than you might find in suburban areas.
3. The home was built in 1907. What should I consider?
While offering classic charm, a home of this age likely has original building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and roof. The unfinished basement allows for easy viewing of foundational structure and mechanical systems.
4. What is the significance of the home ranking "around average" in most metrics for the area?
This statistical profile suggests the home is a typical representation of the Daniel McIntyre neighbourhood. For a buyer, this can mean predictable utility costs, maintenance expectations, and a good understanding of the community's character. It positions the home as a standard offering rather than a fixer-upper that is far behind its neighbours or an over-improved property.
5. Who is responsible for verifying the sales history and property details?
The provided data, including the 2021 sale price, is sourced from public records. While presented in good faith, it is the responsibility of the buyer and their agent to verify all details through a title search, review of official documents, and their own due diligence during the purchasing process.