Property Overview: 646 Toronto Street, Winnipeg
Key Characteristics & Appeal
This home is a 1,584 sqft, one-and-three-quarter storey character house built in 1904, situated on a 2,320 sqft lot in the Daniel McIntyre neighbourhood. Its primary appeal lies in its generous, above-average living space for the area and its recent, fully renovated basement. The data shows the home ranks in the top 10% for living area size both on its street and in the wider neighbourhood, offering more interior space than most comparable properties.
The home suits buyers looking for character in a central, established community without needing a large yard. It’s ideal for a first-time buyer or small household that values interior square footage over exterior land size. A thoughtful perspective is that while the home is older and the lot is modest by city-wide standards, it represents an efficient use of space in a mature neighbourhood where larger lots are rare. Its assessed value is notably higher than many neighbours, which can reflect its updated condition and desirability on the street, but remains well below the Winnipeg average, indicating a accessible price point for the space offered.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,584 sqft, the living area is significantly above average for both Toronto Street and the Daniel McIntyre neighbourhood, placing it in the top 10% of homes locally for space.
2. What does the assessed value indicate?
The assessed value of $22,600 is above average for the immediate area, often signalling updates or desirable traits. However, it is below the city-wide average, typical for older central neighbourhoods.
3. Is the lot size a limitation?
The 2,320 sqft lot is smaller than the Winnipeg average but is standard for the dense, historic Daniel McIntyre area. It suits those prioritizing a lower-maintenance yard and a central location.
4. What should I consider about the age of the home?
Built in 1904, the home is older than most in the city. This brings character but also means potential maintenance needs for original elements. The renovated basement is a positive, modern update.
5. How does the last sale price relate to the assessed value?
The home sold for $280,000 in October 2023, which is substantially higher than its assessed value. This is common in active markets and reflects what a buyer was willing to pay, whereas assessed value is used for taxation purposes and often lags behind market prices.