Property Overview
This is a compact, one-storey home on a standard city lot in the Daniel McIntyre neighbourhood. Built in 1930, its key characteristic is its modest scale, with a living area of 743 sq ft that is notably smaller than most comparable homes locally. It features a detached garage and an unrenovated basement. The appeal lies in its position as an accessible entry point into the Winnipeg market, offering a lower barrier to entry in terms of both price and maintenance. Its assessed value is significantly below the citywide average, reflecting its size and condition.
This property would suit a first-time buyer comfortable with a project, an investor looking for a straightforward rental property, or someone seeking a minimal footprint close to central amenities. It’s less about move-in-ready perfection and more about potential and location. A thoughtful perspective is that its smaller size and lower taxes could align well with a minimalist or downsizing lifestyle, while the unrenovated basement presents a blank canvas for future expansion, subject to permits and investment.
Frequently Asked Questions
1. Why is the living area so much smaller than the neighbourhood average?
As a one-storey home built in 1930, its floor plan reflects the more compact housing styles of its era. Many homes in the area have been expanded, added a second storey, or are simply larger original builds.
2. What does "Top 94%" for living area citywide mean?
This statistic means that 94% of comparable homes across Winnipeg are larger. It highlights that this is a particularly compact home relative to the broader market, which is a key factor in its pricing.
3. The assessed value seems very low compared to the last sale price. Why?
Municipal assessed value for taxation purposes is not a direct indicator of market value. The 2023 sale price of $210k reflects what a buyer was willing to pay in the open market, while the assessment is an administrative valuation based on different criteria and mass appraisal techniques.
4. What are the implications of the "unrenovated basement"?
This typically indicates the basement is in original or functional condition, but not modernized. It likely has foundational utility (furnace, laundry) but may lack finished living space, updated amenities, or could have moisture or ceiling height considerations. It represents both a cost-saving and a future opportunity.
5. Who might this property not be suitable for?
It may not suit buyers who need significant space, desire a turn-key home without immediate projects, or have a large household. The smaller square footage requires efficient use of space, and any desired upgrades would be an upfront consideration.