Property Overview: 659 Home Street, Winnipeg
Key Characteristics & Buyer Profile
This 910 sqft bi-level home at 659 Home Street in Daniel McIntyre stands out primarily for its age. Built in 2019, it is a modern outlier in a neighbourhood of century-old homes, ranking in the top 1% for year built on its street and in the area. This translates to a likely advantage in systems, insulation, and building code compliance, minimizing the immediate repair concerns common with older inventory. The home sits on a 2,500 sqft lot, which is relatively compact city-wide but typical for the central neighbourhood.
Its appeal lies in this modern convenience within an established, inner-city community. The assessed value of $25,900 is notably above average for Daniel McIntyre, suggesting the market recognizes a premium for its new condition. However, the living space is below average for the area, indicating a efficient, potentially more affordable footprint.
This property would best suit a first-time buyer or minimalist seeker who prioritizes modern construction and lower maintenance over square footage. It’s also a pragmatic choice for an investor looking for a newer asset in a central rental market, as the modern build could reduce landlord overhead. The compact lot and smaller living area mean it is less suited for those needing space for a growing family or extensive outdoor privacy.
Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The city-wide average includes all property types and sizes across Winnipeg. This home’s assessed value is actually high for its specific neighbourhood (Daniel McIntyre) and street, reflecting its modern build year despite its smaller size.
2. What does “basement yes, not renovated” imply?
The home has a basement, but it is in an unfinished or original state. For a 2019 build, this likely means a clean, functional space ready for future customization, rather than a dated space needing demolition.
3. How does the 2019 build year affect utility and insurance costs?
Newer construction typically features more efficient heating, windows, and electrical systems, which can lead to lower utility bills. It may also qualify for preferred insurance rates due to updated plumbing, wiring, and roofing.
4. Is the smaller living area a concern for resale?
While below average in size, this is balanced by the rarity of a new build in the area. Future resale will likely hinge on the same factors: appealing to buyers who value modern efficiency over sheer space in a central location.
5. What is the significance of having no garage?
This is common for central Winnipeg neighbourhoods. The compact lot size means adding a garage later would be challenging. Buyers should be comfortable with on-street parking or the potential to build a shed or compact carport, subject to bylaws.