Property Overview: 687 Toronto Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1906, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,044 sqft of living space and a 2,320 sqft lot, its size is very typical for the immediate area. The home features a basement, but it is noted as not being renovated, and the property does not include a garage or pool.
The primary appeal lies in its position as a straightforward, no-frills entry point into the housing market. Its assessed value is significantly below the Winnipeg city average, suggesting a potentially accessible price point for a standalone house. The lot, while below average in size citywide, is consistent with the neighbourhood's urban fabric. This property would suit a first-time buyer, an investor looking for a character rental, or a hands-on individual comfortable with a home that may require updates. Its age and unrenovated basement mean its value is likely in its land, location, and original structure, offering a canvas for personalization rather than move-in-ready perfection.
A less obvious perspective is its statistical normality on its street; for metrics like living area and year built, it ranks almost exactly in the middle of its local peers. This indicates a home that doesn't stand out for size or modernity on Toronto Street, but one that is fundamentally representative of the area's historic housing stock, potentially offering a stable, predictable investment in a well-established community.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for older Winnipeg homes. It typically means the second floor has full-height ceilings only in the center of the house, with sloped ceilings or knee walls in the rooms created by the roof line, often featuring dormer windows.
2. The assessed value seems very low compared to city averages. Why?
The assessed value is for municipal tax purposes and is not the market value. Its low assessment relative to the entire city reflects the home's age, condition, and the generally more affordable property values in the Daniel McIntyre area compared to newer or more affluent city neighbourhoods.
3. What should I know about the unrenovated basement?
An unrenovated basement in a 1906 home likely means original foundation, flooring, and utilities. It is crucial to have a professional inspection to check for moisture issues, the state of the foundation, and the condition of essential systems like wiring and plumbing that may be located there.
4. How does the lack of a garage affect daily living?
On-street parking will be the norm. It's important to check local parking regulations for any restrictions and consider the practicalities of this during Winnipeg winters.
5. The home last sold in 2020. What does that recent sale indicate?
The 2020 sale suggests a relatively short ownership period. While the reasons can vary widely, it underscores the importance of understanding the property's current condition and any factors that might influence its value or desirability since that transaction.