Property Overview: 739 McGee Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1905, is a classic character property in the Daniel McIntyre neighbourhood. With 1,116 sqft of living space, its size is very typical for the immediate area and offers a practical footprint for a smaller household. The home presents a notable opportunity: its assessed value is significantly below the Winnipeg citywide average, suggesting potential value in a well-established inner-city community. The lot, while smaller than many in the city, is a manageable size for low-maintenance outdoor space.
The primary appeal lies in its position as an affordable entry point into a mature neighbourhood. It suits a first-time buyer, an investor looking for a character rental, or a practical buyer who values location over size and is prepared for the realities of an older home. A thoughtful perspective is that its smaller, century-old lot may offer lower utility costs and less upkeep, appealing to those seeking a simpler urban footprint. The unrenovated basement indicates a canvas for customization, but buyers should be prepared for potential updates.
Section 2: Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has slightly sloped ceilings following the roofline, with full-height walls only in the centre of the rooms, creating cozy, character-filled bedrooms.
2. The assessed value seems low. What does this indicate?
The assessed value is for municipal tax purposes and is not a market price. A value this far below the city average often reflects the home's age, specific condition, and smaller lot size. It's essential to get a current market evaluation and inspection to understand the full picture.
3. Is the smaller lot size a major drawback?
It depends on your priorities. While it offers less private outdoor space than a suburban lot, it means significantly less yard work and lower maintenance. For many urban buyers, this is a practical trade-off for the location.
4. What should I know about a home built in 1905?
While full of character, systems like wiring, plumbing, and insulation may not be modern. The unrenovated basement should be thoroughly inspected for foundation integrity, moisture, and the state of mechanical systems. Budgeting for updates is prudent.
5. How does this home compare to others nearby?
The data shows this home is very average for its street and neighbourhood in terms of living space and assessed value. Its age and lot size are also common for Daniel McIntyre. This consistency can be reassuring, indicating you are looking at a typical property for this community.