Property Overview: 759 Simcoe Street, Winnipeg
Key Characteristics & Buyer Appeal
This one-storey home in Daniel McIntyre presents a practical opportunity centered on value and location. Built in 1911, its 904 sqft living area is modest and below average for the neighbourhood, but this is balanced by a renovated basement, adding functional space. The detached garage is a notable asset in this urban setting. The appeal lies in its financial profile: with an assessed value that is above average for its immediate street and around average for the area, it represents a competitively positioned entry point into the market. The lot is a standard city size for the locale.
It would best suit a first-time buyer or pragmatic investor looking for a straightforward, no-frills property in a central neighbourhood. The home’s below-average size and vintage mean it’s not for those seeking modern, spacious footprints, but rather for those who prioritize a solid value proposition and the potential of a renovated basement over sheer square footage. A thoughtful perspective is that its higher-than-street-average assessment, despite its smaller size, suggests the lot and location hold recognized value, which could be a stabilizing factor.
Frequently Asked Questions
1. Is the house particularly small?
Yes. At 904 sqft, the living area is below the average for both Simcoe Street and the wider Daniel McIntyre neighbourhood. The renovated basement provides additional usable space to offset this.
2. What does the assessed value tell us?
The assessment of $20,300 is above the average for homes on Simcoe Street itself, indicating it is viewed favorably relative to its most direct comparables. It sits around the neighbourhood average city-wide.
3. How old is the home, and what does that imply?
Built in 1911, it is older than most homes on its street and significantly older than the Winnipeg average. Buyers should budget for maintenance consistent with a century-old structure and ensure any renovations (like the basement) were permitted and completed to standard.
4. Is the lot a good size?
The 2,493 sqft lot is very typical for the area—neither large nor small for Daniel McIntyre. It provides standard urban outdoor space and aligns with neighbourhood norms.
5. What is the recent sales history?
The home sold in November 2021 for $19,500. This recent sale provides a concrete, modern benchmark for its market value, which was very close to its current assessed value.