Property Overview: 751 Home Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1911, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,127 sqft of living space and a full, unrenovated basement, it sits on a modest 2,498 sqft lot. The home's appeal lies in its position as a relatively affordable entry point into the city's housing market, having sold for $230k in mid-2024—a price notably below the wider city average. Its assessed value is modest, which can be attractive for property tax considerations.
The home would suit a first-time buyer, an investor, or a hands-on purchaser comfortable with a property that has retained its original basement condition. Its older vintage offers charm but also implies a need for diligent maintenance. A thoughtful perspective is its strong ranking for year-built on its own street (top 29%), meaning it is actually one of the newer homes among its immediate neighbours, potentially indicating a slightly more mature streetscape. While its living space is below average for the street, it is competitively sized for the broader neighbourhood, making it a practical, no-frills option in a central location.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a common Winnipeg architectural style where the second floor has slightly less floor area than the main floor, often with sloped ceiling lines on the upper level, providing a cozy, character-filled space.
2. Is the unrenovated basement a major concern?
It indicates the original foundation and utilities, which will require a thorough inspection. It presents both a potential dampness/insulation project and a blank canvas for future development, subject to permits and code.
3. How does the sale price compare to the assessed value?
The home sold for $230k against a $20,800 assessed value. This large discrepancy is normal; municipal assessments for tax purposes are not market valuations and often lag significantly behind current sale prices, especially in active markets.
4. What is the neighbourhood like?
Daniel McIntyre is a mature, central neighbourhood with a mix of historic homes and multi-family units. It offers urban convenience with proximity to downtown, The University of Winnipeg, and amenities, but with the typical considerations of an older, densely built area.
5. Are the property rankings positive or negative?
They provide context. For this home, key metrics like living area and assessed value are "around average" within Daniel McIntyre itself, suggesting it is a typical offering for the area. Its below-average citywide rankings simply highlight that it is a more compact, urban property compared to newer suburban homes.