Property Overview & Key Characteristics
This two-storey home at 634 Toronto Street in Winnipeg's Daniel McIntyre neighbourhood presents a classic, early-20th century character home built in 1905. With 1,140 sqft of living space and a renovated basement, it offers a practical layout for everyday living. The property includes a detached garage and a 2,321 sqft lot. Its appeal lies in its established, central location and its position as a solidly average home within its immediate area—it ranks around the middle of the pack for size, value, and lot size on its own street, suggesting a comfortable fit within a neighbourhood of similar properties. It would suit a first-time homebuyer or practical investor looking for a character home without extreme outliers in price or size, and who values a sense of community consistency over a sprawling lot or modern construction.
Frequently Asked Questions
1. How does this home's value compare to the rest of the city?
While the home's assessed value is typical for Toronto Street and Daniel McIntyre, it ranks in the top 5% city-wide for being below the Winnipeg average. This highlights the significant price variation between central neighbourhoods and newer or suburban areas, positioning this property as a more accessible entry point within the city.
2. What does the "renovated basement" likely entail?
Given the home's age and assessed value, this likely indicates functional improvements for livability and storage, such as updated moisture control, flooring, and finishes. It's wise to inquire about the scope, permits, and whether it's developed as additional living space or primarily as a utility and storage area.
3. Is the detached garage a standard feature here?
Yes, the presence of a detached garage is noted. For a 1905 home, this was often a later addition. Its condition and size (standard single or potentially narrow) should be verified, as it's a valuable asset for parking and storage in a central neighbourhood.
4. The home sold in 2017 for $16.5k. Why is the assessed value now $17.7k?
This large discrepancy indicates the 2017 sale was likely a non-arms-length transaction, such as between family members. The assessed value is the city's estimate for taxation purposes and is a more reliable gauge of its market value relative to other homes.
5. The lot size is below average for the neighbourhood. Is that a concern?
The lot is typical for Toronto Street but smaller than many in the wider Daniel McIntyre area. This isn't unusual for older, central streets and often means less yard maintenance. It suggests a more compact, community-oriented streetscape rather than a private, spacious yard.