Property Overview: 611 Home Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1909, presents a classic character home opportunity in the Daniel McIntyre neighbourhood. With 1,240 sqft of living space and a detached garage, it sits on a 2,500 sqft lot. The home features a basement that has not been renovated, offering a blank canvas for future development.
Its primary appeal lies in its established location and its position as a relatively average property within its immediate area, which can be an advantage for buyers seeking a straightforward, no-surprises entry into the market. The assessed value is notably modest compared to the city-wide average, suggesting a potentially lower property tax burden. This property would suit a first-time buyer, an investor, or a hands-on owner who appreciates a home with history and is comfortable with a basement that awaits their personal touch. It’s a practical choice for someone looking for a characterful structure without the premium price tag of a fully updated or larger-lot home, offering the chance to add value over time.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this house?
This typically describes a home with a full main floor and a second floor where the ceilings may slope with the roofline, often creating cozy bedrooms or unique spaces in the upper level, which is common for homes of this era.
2. How significant is the unrenovated basement?
It means the basement is in original or functional condition but hasn’t been modernized. While it may limit immediate finished living space, it also means there are no poorly executed renovations to undo, allowing a new owner to design and finish it to their own standards and needs.
3. The assessed value seems very low compared to the city average. Why?
The assessed value is for municipal tax purposes and is based on a mass appraisal system. It reflects the home’s value relative to similar properties in its specific neighbourhood and market conditions at a set point in time, not necessarily the current market sale price. Its low city-wide ranking indicates it falls into a lower valuation tier for Winnipeg overall.
4. How does the lot size impact this property?
At 2,500 sqft, the lot is smaller than average for the city but fairly typical for the central Daniel McIntyre area. This means lower outdoor maintenance but also limited space for major expansions or sprawling gardens. It emphasizes the property as a home, not a land play.
5. What can nearby sales and comparable properties tell me?
The listed nearby properties with varying sizes, values, and similar ages highlight the diversity of housing stock in this mature neighbourhood. It suggests that value is driven by a combination of condition, layout, and specific upgrades, making a professional inspection and comparative market analysis crucial for this home.