Section 1: Property Overview
This 1,180 sqft one-and-three-quarter storey home, built in 1907, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in its balance of historic charm and practical updates, notably a renovated basement that adds functional living space. With a living area and land size (2,500 sqft) that are average for the immediate area but modest by wider city standards, it offers a manageable footprint. The home last sold in March 2025 for $220k, a price point that reflects its position as a relatively affordable entry into the market, especially when compared to the citywide average.
This property would suit a first-time homebuyer or a practical investor looking for a character home without an overwhelming scale or maintenance burden. Its appeal is grounded in location and functionality rather than luxury, ideal for someone who values a central neighbourhood, a renovated living space, and a yard that is present but not overly demanding. A less obvious perspective is that its assessed value is significantly below the city average, which, while not directly dictating market price, can hint at a potentially favourable property tax situation compared to newer homes in outlying areas.
Section 2: Frequently Asked Questions
1. How does the sale price compare to the assessed value?
The home sold for $220k in March 2025, which is substantially higher than its $17.5k municipal assessed value. It's important to understand that assessed value is used for calculating property taxes and does not reflect current market value, which is determined by recent sales of comparable homes.
2. What does the "renovated basement" entail?
The listing confirms the basement is renovated, but specifics on the finish, ceiling height, legal compliance, and moisture control are not provided. This would be a key area for a buyer to investigate during a viewing and potentially through a professional inspection.
3. Is the home's age a concern?
Built in 1907, the home is older than most in the city. This can mean charming original features but also requires diligent attention to foundational integrity, wiring, plumbing, and insulation. Its ranking as "below average" for year built on its street suggests many neighbouring homes are newer.
4. How does the property size compare to the neighbourhood?
At 1,180 sqft of living space, it's slightly smaller than the average home on Home Street (~1,388 sqft) but very close to the average for Daniel McIntyre (~1,142 sqft). The lot is also somewhat smaller than others on the street. This indicates a comfortably sized home for the area without extra space.
5. What is the parking situation?
The listing specifies there is no garage. Given the urban lot size and era of the home, parking is likely limited to on-street. Buyers should verify street parking regulations and availability directly.