Property Overview & Key Characteristics
This 1,152 sqft, one-and-three-quarter storey home in Daniel McIntyre offers a classic Winnipeg character foundation with clear value-oriented appeal. Built in 1908, it sits on a notably generous 2,867 sqft lot, ranking in the top 9% of Winnipeg for lot size. The home presents as a functional canvas: it has a basement (unrenovated) and no garage. Its recent assessed value is modest, yet the property history shows a significant sale in 2017 for $250k, suggesting recognized potential. The appeal lies in the combination of a large, desirable lot in an established central neighbourhood and a price point that allows for personalization. It would suit a practical first-time buyer, an investor looking for a hold-and-renovate property, or a buyer prioritizing land value and location over move-in-ready finishes. A thoughtful perspective is that while the home itself may require updates, its lot size is a permanent asset that is increasingly rare, offering future possibilities for expansion or outdoor space that newer infill properties often lack.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style, typically featuring a full main floor and a second floor where the roofline slopes inward, creating slightly cozier but character-filled bedrooms in the upper level.
2. The assessed value is much lower than the 2017 sale price. Why?
Municipal assessed value for tax purposes is not a direct market appraisal. It can lag behind rapid market shifts. The 2017 sale likely reflects a past market peak or a specific, updated condition of the home at that time, while the current assessment may align more with its present, unrenovated state.
3. Is the unrenovated basement finished or usable?
The listing specifies "not renovated," which typically means it is in a rough, unfinished state. It provides essential mechanical space and storage but would require significant work to become a finished living area.
4. How does the lot size compare to nearby properties?
The lot is a key feature, ranking in the top 14% on its own street. This is substantially larger than many standard city lots, as seen when comparing to nearby listings with similar house sizes but likely smaller land footprints.
5. What is the significance of the neighbourhood rankings provided?
These rankings compare this property's metrics (like lot size, year built) against all others in the street, neighbourhood, and city. For example, ranking in the top 3% in Winnipeg for year built indicates it is among the oldest 3% of homes, speaking to its historic character, not that it is new.