626 Toronto Street – Property Summary
Key Characteristics & Buyer Profile
This is a 1905-built home with 1,524 square feet of living space on a 2,321-square-foot lot, located on Toronto Street in Winnipeg’s Daniel Mcintyre neighbourhood. The property ranks well above average for living area both on its street (top 12%) and within the neighbourhood (top 12%), offering more interior space than most nearby homes. However, its land area is below average for the neighbourhood (bottom 9%) and sits in the bottom 2% citywide. The assessed value of $172,000 is around average for the street but well below the city median, reflecting both the home’s older construction and relatively compact lot.
The appeal here is straightforward: you get generous indoor square footage without paying a premium for land or a newer build. This suits buyers who prioritize interior space over yard size—first-time buyers, downsizers who want room to spread out, or investors looking for a property that already has solid living area relative to price. The location is an older, established street, not a high-growth area, so the buyer should be comfortable with a slower pace of appreciation and a home that will likely require ongoing maintenance typical of a property over a century old.
Five Possible FAQs
1. How does the assessed value compare to similar homes nearby?
On Toronto Street, the assessed value is close to the average; within the Daniel Mcintyre neighbourhood, it’s slightly below average. Citywide, it’s in the bottom 5% of values, so this is not a premium-priced property for Winnipeg overall.
2. What does the land area mean for usable outdoor space?
The lot is 2,321 square feet, which is smaller than most homes in the neighbourhood and significantly below the city average. Expect a modest yard—suitable for a small garden or patio, but not expansive lawn or rear space.
3. Is the year built a concern for maintenance or insurance?
Built in 1905, this home is older than most in the area (top 59% on the street) and much older than the city average (top 98%). Older homes often have charm and solid construction, but they may also need updated wiring, plumbing, or insulation. Some insurers charge higher rates for pre-1900 properties, so it’s worth checking with your provider.
4. How does this property rank for living space compared to others in Winnipeg?
Ranked in the top 29% citywide, the 1,524 square feet is above average for a home in Winnipeg. If indoor square footage is your priority, this property offers more room than most comparably priced homes in the city.
5. What’s the neighbourhood like for resale value?
Daniel Mcintyre is an older, established area with a mix of character homes. Resale values tend to be stable rather than volatile, and the below-average land size may limit appreciation compared to properties with larger lots. However, the above-average living area could appeal to a consistent buyer pool looking for space without high land costs.