Property Overview & Key Characteristics
This one and three-quarter storey home, built in 1907, presents a compelling blend of historic character and practical space. Its primary appeal lies in its generous proportions relative to its neighbourhood and its recent updates. With 1,656 sqft of living area, the home is notably larger than most comparable properties in the Daniel McIntyre area and on Toronto Street itself, placing it in the top 8% for size locally. This is complemented by an above-average land area of 3,292 sqft, offering more outdoor space than many inner-city lots. A key modern convenience is the renovated basement, adding functional living space, and the property includes a detached garage.
The home’s assessed value is modest relative to the city-wide average, but is more aligned with the local market. This creates an opportunity for buyers seeking a character home with more interior room than typical for the price point in Winnipeg. It would suit a buyer who appreciates older architecture but desires move-in readiness due to the renovated basement, and who values a larger lot for gardening, pets, or private outdoor space. It’s a practical choice for someone looking to be in a central neighbourhood without sacrificing as much living space as many older homes require.
Frequently Asked Questions
1. Is the low assessed value a concern?
Not necessarily. The assessment is very much in line with the local neighbourhood average. The significant disparity with the city-wide average primarily reflects the difference between inner-city character neighbourhoods and newer suburban areas, not a specific issue with the property.
2. What does "one and three-quarter storey" mean?
This is a common architectural style for homes of this era. It typically means the second floor has full-height ceilings under the roofline at the front, but the ceilings may slope or the space may be configured differently at the back, offering unique character and sometimes cozier spaces.
3. How does the sold price from 2022 relate to today's value?
The 2022 sale price provides a historical data point, but market conditions have evolved. It’s best used as a reference for the property’s recent transaction history rather than a direct indicator of current market value.
4. Are there any obvious red flags from the data?
The data itself doesn’t show red flags. The year built (1907) is typical for the street and area. A thoughtful perspective is to consider that while the basement is renovated, the main systems of a 119-year-old home (like plumbing, electrical, and the roof) should be evaluated for age and condition.
5. What is the immediate neighbourhood like?
The listing shows several nearby properties on the same block, suggesting a well-established, dense residential streetscape. The proximity of similar homes can contribute to neighbourhood stability and consistent property values.