Property Overview: 650 Home Street, Winnipeg
Key Characteristics & Appeal
This is a well-proportioned, character home in Winnipeg's Daniel McIntyre neighbourhood. Built in 1909, it is a classic two-and-a-half storey house offering 1,542 sqft of living space, which is notably above average for both the immediate area and the city. A key feature is its renovated basement, adding functional space. The lot is a standard city size at 2,521 sqft.
The primary appeal lies in its space efficiency and location. It offers more interior room than many neighbouring homes, providing value in a central, established community. Its assessed value is modest relative to the city-wide average, which may indicate a lower property tax burden. This home would suit a practical buyer—perhaps a first-time homeowner, small family, or investor—who values character, space, and a central location over modern amenities like a garage or a large lot. It’s for someone comfortable with the upkeep of an older home but appreciates that core living areas have been updated.
Frequently Asked Questions
1. How does the home’s size compare to others?
At 1,542 sqft, the living area is in the top 30% for Home Street and the top 12% for the Daniel McIntyre neighbourhood, meaning it is genuinely larger than most comparable local properties.
2. Why is the assessed value significantly lower than the city-wide average?
The assessed value of $19,900 is typical for its immediate area but ranks in the top 92% city-wide (meaning 92% of homes are assessed higher). This reflects the neighbourhood's market values and likely results in proportionately lower property taxes than newer or suburban areas of Winnipeg.
3. What should I know about the year it was built?
Built in 1909, the home requires a diligent inspection. While it offers classic charm, potential buyers should budget for maintenance consistent with a 117-year-old structure and inquire about the age of major systems like plumbing, wiring, and the roof.
4. Are the recent sale prices of nearby homes similar?
The data shows a wide range of sale prices and assessed values on nearby streets, from $12,400 to $290,000. This suggests the area has diverse property conditions and sizes. A direct comparison should focus on homes with similar square footage and features.
5. What are the practical implications of not having a garage?
The lack of a garage means relying on street parking. Buyers should observe parking availability on the street at different times and consider the impact of Winnipeg winters on vehicle storage and snow removal routines.