Property Overview: 586 Home Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home in the Daniel McIntyre neighbourhood, built in 1909. With 1,115 sqft of living space and a renovated basement, it offers a practical layout for urban living. The property includes a detached garage and sits on a 2,521 sqft lot, which is a competitively sized parcel for the area.
The primary appeal lies in its position as a solid, no-frills entry point into a central Winnipeg community. The home presents a clear value proposition: it is priced accessibly, with an assessed value significantly below the citywide average, suggesting room for equity growth. It suits first-time buyers, practical investors, or downsizers seeking a lower-maintenance footprint without leaving established neighbourhoods. A thoughtful perspective is that its "below average" size and assessment citywide are actually advantages in this context, representing a manageable scale and a lower property tax burden compared to newer, larger homes on the outskirts. The renovated basement adds immediate functional space without the need for initial projects.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 1,115 sqft, the living area is slightly below the average for similar homes on Home Street itself but is very close to the average for the broader Daniel McIntyre neighbourhood. It offers a compact and efficient layout.
2. What does the assessed value indicate?
The assessed value of $17,800 is around average for both the street and the neighbourhood, but it is well below the Winnipeg citywide average. This typically suggests a more accessible purchase price and correspondingly lower property taxes.
3. Is the lot size a limitation?
The 2,521 sqft lot is slightly smaller than some immediate neighbours but is near the neighbourhood average. It provides adequate outdoor space for a garden or patio while keeping yard maintenance manageable.
4. What should I consider about the age of the home?
Built in 1909, the home is older than most in Winnipeg. This can mean charming character but also warrants a thorough inspection to understand the condition of original elements like wiring, plumbing, and the foundation, alongside the more recently renovated basement.
5. Who are the most comparable nearby properties?
Based on assessed value, similar properties are found in various neighbourhoods across the city. On Home Street itself, the direct neighbours are the most relevant comparables for understanding the immediate streetscape and typical property values.