Property Overview: 748 Toronto Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre stands out for its above-average living space and a notably generous, private lot. With 1,584 sqft of living area, it offers more room than roughly 90% of homes in the immediate area. Its true distinction, however, is the 4,635 sqft land parcel, which ranks in the top 3% for lot size both on its street and in the wider neighbourhood. This provides rare potential for gardening, outdoor living, or future expansion in an established inner-city area.
The home’s appeal lies in this combination of spacious interiors on a substantial, mature lot. It features a renovated basement and a detached garage. While the 1950 build is newer than many character homes in the area, buyers should be prepared for updates consistent with its age. The property last sold in 2021 for $290,000, and its current assessed value is $26,300.
This home would best suit a buyer looking for a grounded, long-term investment in a character neighbourhood who values private outdoor space over a brand-new build. It’s ideal for someone with the vision to maintain and gradually personalize a solid, spacious home with exceptional lot potential.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
Assessed value for municipal tax purposes is often different from market value. Here, the assessed value of $26,300 is significantly lower than the 2021 sale price of $290,000, which is common. Market price is determined by recent sales of comparable properties, buyer demand, and the home’s condition.
2. What does the "Top 3%" ranking for land area practically mean?
It means this property’s lot is larger than 97% of lots on Toronto Street and in the Daniel McIntyre neighbourhood. You are getting a lot size more than 1,800 sqft larger than the area average, a significant rarity that offers more privacy and flexibility.
3. The home is noted as "above average" for the city in living space but "below average" in assessed value city-wide. Why?
This highlights the neighbourhood's positioning within the broader Winnipeg market. You get more interior space for your dollar here compared to the citywide average, but property values in Daniel McIntyre are generally lower than in newer or more affluent suburban areas, hence the lower citywide assessment ranking.
4. What are the implications of the 1950 build year?
While newer than the neighbourhood's early-1900s average, a 76-year-old home will still require diligent maintenance. It may have updates like the renovated basement, but systems like plumbing, electrical, and the roof should be carefully inspected.
5. Is the detached garage a standard feature for the area?
Not necessarily. Many older homes in central neighbourhoods have no garage or only a carport. A detached garage is a valuable asset, providing secure storage and parking without compromising the backyard space.