Property Overview & Appeal
This one-and-three-quarter storey home, built in 1914, presents a classic Winnipeg character property on a notably large lot in Daniel McIntyre. Its key appeal lies in its balance of original charm and clear potential. With 1,006 sqft of living space and a full, unrenovated basement, it offers a solid foundation. The lot size of 2,484 sqft is a significant asset, ranking in the top 15% for the street, providing rare outdoor space and future possibilities in the neighbourhood.
The home suits a specific buyer: someone seeking an entry point into a well-established community who views the property as a canvas. It’s ideal for a hands-on buyer or investor comfortable with a project, whether that’s a gradual modernization or a more significant expansion leveraging the generous lot. The very low assessed value suggests it’s a property where the value will be created through the owner’s vision and investment, rather than paid for upfront in a fully finished state.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean for living space?
This style typically features a full main floor and a second floor where the roofline slopes into the walls, creating cozy, character-filled bedrooms with potentially reduced ceiling height in parts. It’s a classic architectural design for homes of this era.
2. The assessed value seems low. What does this indicate?
The low municipal assessment generally reflects the home’s original, unrenovated condition and is not a direct market valuation. It can signal an opportunity to add significant value through updates, but also means property taxes will start from a lower base.
3. What are the implications of having an unrenovated basement?
While it requires investment to finish, an unrenovated basement offers a blank slate. You can design the space to your needs without first undoing someone else’s work, and it allows for a thorough inspection of the home’s foundational structure and systems.
4. How does the large lot size benefit me?
Beyond simple yard space, a larger lot in an older neighbourhood provides valuable flexibility. It can accommodate additions like a garage, a larger deck, or a garden, and often contributes more to long-term property value appreciation than the interior square footage alone.
5. Is the age of the home (112 years) a concern?
Homes from this period were built with durable materials and craftsmanship, but crucial systems like wiring, plumbing, and insulation likely need modernization to meet current standards and efficiency expectations. A thorough inspection is essential to understand the scope of any required updates.