Property Overview: 662 Victor Street, Winnipeg
Key Characteristics & Appeal
This is a classic one-and-three-quarter storey home in the Daniel McIntyre neighbourhood, built in 1905. With 1,080 sqft of living space and a renovated basement, it presents a practical footprint for efficient living. The lot size of 2,341 sqft is modest for the city but is actually larger than many on Victor Street itself, offering a decent urban footprint.
Its primary appeal lies in its position as a solid, no-frills character home in a central, established community. The recently renovated basement adds functional living space and modern convenience to the historic structure. The home’s assessed value is very typical for its immediate area, suggesting it is priced in line with the local market rather than carrying a premium for its age or style.
This property would suit a first-time buyer or a practical downsizer looking for an entry point into a mature Winnipeg neighbourhood without a major renovation project. It’s for someone who appreciates the character of an early-1900s home but values the updated utility of the basement space. A buyer should be comfortable with a home whose living area is smaller than many on its street, but who sees the potential in a manageable lot and a historically interesting structure.
Frequently Asked Questions
1. How does the size of this home compare to others nearby?
At 1,080 sqft, the living area is below the average for other homes on Victor Street. However, it is very close to the average size for homes throughout the Daniel McIntyre neighbourhood, indicating it is a typical footprint for this specific community.
2. What does the assessed value tell me about the property?
The assessed value is unremarkable locally, ranking near the middle for both the street and the neighbourhood. This suggests the property is not uniquely undervalued or overvalued compared to its direct peers, but it is significantly below the citywide average, which is typical for central, older neighbourhoods.
3. The home was built in 1905. What should I consider?
While the basement has been renovated, the core structure is 121 years old. Prospective buyers should prioritize a thorough inspection to understand the condition of original elements like the foundation, wiring, and plumbing, which may not be reflected in the assessment.
4. Is the lot size a disadvantage?
The land area is below the Winnipeg average, which is skewed by newer suburban lots. On Victor Street, however, this lot is actually larger than many. It provides a manageable outdoor space without excessive maintenance, which can be an advantage for certain lifestyles.
5. What can recent sale prices on the street indicate?
Nearby sales show a wide range, from $170k in 2017 to $22.70k in 2022. This extreme variance is important to note; the 2022 sale price appears to be an outlier. It underscores the necessity of researching current market conditions and understanding the specific circumstances of each sale, rather than relying on historic data alone.