Property Overview: 621 Home Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1910, presents a classic character home opportunity in the Daniel McIntyre neighbourhood. With 1,239 sqft of living space and a detached garage, it sits on a 2,500 sqft lot. Its appeal lies in its position as a solid, average-sized home for the immediate area, offering a practical footprint without being oversized. The assessed value of $170K is notably below the Winnipeg citywide average, suggesting a potentially accessible entry point into the market.
This property would suit a pragmatic buyer—perhaps a first-time homeowner, an investor, or a downsizer—who values location and fundamentals over modern finishes. The home has an unrenovated basement, indicating room for customization or gradual improvement to add value. A thoughtful perspective is that while its size and value are typical for its street and neighbourhood, it stands out citywide for its lower assessed value and smaller lot, which could translate to lower property taxes and less maintenance compared to many Winnipeg homes. It’s a property for someone comfortable with a home that has history and sees potential in its established community setting rather than in brand-new condition.
Frequently Asked Questions
1. What does "one-and-a-half storey" typically mean for a home of this era?
This style usually features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with unique character. It’s a common architectural style for Winnipeg homes built in the early 1900s.
2. The assessed value is much lower than the citywide average. Does that indicate a problem?
Not necessarily. Assessed value for tax purposes is different from market value and is heavily influenced by the local area’s averages. In this case, it reflects that properties in Daniel McIntyre generally have lower assessments than the Winnipeg citywide benchmark, which can be an advantage for annual tax costs.
3. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but unfinished space typical of its age. It likely has concrete walls and floors, with utilities exposed. It provides storage and mechanical space but would require investment to convert into a finished living area.
4. How does the lot size impact this property?
At 2,500 sqft, the lot is smaller than average for Winnipeg but is fairly typical for the central Daniel McIntyre area. This means less yard maintenance but also limited space for major expansions or outdoor amenities like a large deck or garden.
5. The home last sold in June 2021. Is that recent sale price available?
The provided data shows a sale price from that time, but for the exact figure and the most current market context, you should consult a real estate professional who can access the complete sale history and provide a comparative market analysis.