Property Overview
696 Simcoe Street is a well-proportioned, two-storey character home built in 1910, situated in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in offering above-average space and a premium lot for its immediate area, presenting a solid value proposition within a historic urban community.
Key Characteristics & Appeal
This home stands out on its street and within Daniel McIntyre for its generous dimensions. With 1,372 sqft of living space and a 3,287 sqft lot, it ranks in the top 20% of the local area for both metrics, meaning it offers more room than most comparable homes nearby. It features a renovated basement and a detached garage. The home’s assessed value is notably high for the neighbourhood (top 5%), which often reflects desirable attributes not fully captured by basic metrics, such as renovation quality or overall condition. However, this premium assessment is relative; citywide, the value is more moderate, highlighting the property’s strong positioning within its specific, established community.
It would best suit a buyer who values character homes and seeks a property that is a leader in its local market for space and lot size, without the premium of a newer suburban plot. It’s a practical choice for someone looking to put down roots in a historic neighbourhood, potentially offering more "house" for the money within that specific area compared to nearby options. A thoughtful perspective is that while the 1910 build date is older than most city homes, it is actually above average for Simcoe Street, suggesting the home exists within a context of well-maintained, historic properties.
Frequently Asked Questions
1. Is the high assessed value for the area a good thing?
It can be. A high assessment relative to neighbours often indicates the property has features or improvements that the municipality recognizes as adding value, such as renovations or superior condition. However, it's important to verify this through a viewing and understand its implications for property taxes.
2. How does the lot size compare practically?
At 3,287 sqft, the lot is significantly larger than the average for both the street and Daniel McIntyre. This translates to more potential outdoor space for gardening, entertaining, or additions than is typical for the area, a valuable asset in an inner-city neighbourhood.
3. The home sold recently in August 2024. What does that indicate?
The very recent sale suggests a fast turnaround, which typically points to a property that was priced appropriately and presented well in a competitive local market. Reviewing the sale price versus the assessed value and previous 2016 sale can provide insight into current market trends.
4. What should I consider about the age of the home?
Built in 1910, the home will have the charm and solid construction of its era, but potential buyers should prioritize a thorough inspection. Key focus areas for a home of this age include the foundation, roof, wiring, plumbing, and heating systems to understand any needed updates or maintenance.
5. How does this home fit within the context of the city?
The data shows a clear story: this is a property that ranks as above-average or elite within its own neighbourhood for space, lot size, and value. Citywide, it becomes more average, which underscores that its primary appeal is as a standout home in a specific, historic community rather than a competitor to newer suburban builds.