Property Overview: 664 Victor Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home in Daniel McIntyre presents a practical opportunity in a central Winnipeg neighborhood. Built in 1905, its 1,152 sqft living area is squarely average for both the immediate street and the broader city, indicating a comfortable, manageable size. The property features a detached garage and a basement that is noted as being unrenovated, offering functional space and potential. Its assessed value is modest and consistent with the local area.
The primary appeal lies in its positioning as a straightforward, no-frills property in an established community. It suits first-time buyers or practical investors looking for an entry point into the market without premium costs. The home’s age and unrenovated basement mean it is likely best suited for those comfortable with gradual updates or who value original character over modern finishes. A thoughtful perspective: while the land size is below average city-wide, it is quite typical for the inner-city neighborhood, offering lower maintenance and aligning with the area's historic lot patterns. This isn't a sprawling property, but a grounded one that reflects the practical scale of its community.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for this home?
This style typically means the second floor has sloped ceilings following the roofline, with full-height walls only in the center. It offers unique character and cozier upper rooms compared to a full two-storey layout.
2. How should I interpret the assessed value compared to the sale price?
The home last sold in July 2023 for $19.5k, slightly above its current $18.5k assessed value. Assessed value is for municipal tax purposes; market value is determined by current buyer demand. The close alignment suggests stable, modest valuation in this area.
3. The basement is noted as "not renovated." What should I expect?
Expect a functional but unfinished space. It likely provides essential utilities and storage but would require investment to become a modern living area. This presents both a cost consideration and a blank canvas for future projects.
4. How does the living area compare to nearby homes?
At 1,152 sqft, it's very close to the city average and similar to nearby comparables like 673 Toronto Street (1,150 sqft). It provides typical space for the neighborhood, neither unusually small nor large.
5. Is the below-average land area a significant drawback?
The lot is under 2,400 sqft, which is smaller than newer suburban lots but common for central, century-old neighborhoods. It means less yard maintenance and a more compact footprint, which can be a practical advantage for some buyers.