Property Summary: 620 Toronto Street, Winnipeg
Key Characteristics & Appeal
This home is a classic one and three-quarter storey character property in the Daniel McIntyre neighbourhood, built in 1905. With 1,138 sqft of living space and a renovated basement, it offers a functional layout on a standard city lot. Its key appeal lies in its position as a well-proportioned, no-fuss character home in a central location. The detached garage adds practical value.
The data reveals a nuanced story. While the home's size and lot are average for its immediate street and area, its assessed value is notably below average across all comparisons—from Toronto Street to city-wide. This suggests it may present a value opportunity for a buyer comfortable with a home from the early 1900s, potentially as a straightforward entry into the market or a lower-cost base for further personalization. It would suit a first-time buyer, an investor, or a downsizer looking for character without excessive square footage, who prioritizes location and potential equity growth over modern finishes or a large yard.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. It primarily indicates the value assigned for municipal tax purposes, which often lags behind market value. It can signal a more affordable tax burden and may reflect the home's age and original condition, presenting a value opportunity for buyers.
2. What does "one & 3/4 storey" mean?
Typically, this describes a home with a full main floor and a second floor where the roofline slopes into the walls, creating some rooms with sloped ceilings. It's a common, charming architectural style for homes of this era.
3. How does the recent sale price compare?
The home sold for $170,000 in November 2023. This is significantly higher than its $13,800 assessed value, confirming that the market value diverges from the city's assessment for this property.
4. What is the neighbourhood like?
Daniel McIntyre is a mature, established inner-city neighbourhood. It offers convenience and character, with a mix of historic homes and a diverse community. Buyers should explore the specific block and nearby amenities to ensure it fits their lifestyle.
5. Are homes from 1905 expensive to maintain?
They can require more attention than newer builds. While the basement is renovated, prospective buyers should budget for ongoing maintenance typical of a century-old home, such as potential updates to original windows, plumbing, or electrical systems. A thorough inspection is essential.