Property Overview
776 Toronto Street is a well-situated bi-level home in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in a compelling combination of modern construction and a highly efficient financial profile. Built in 2008, it is a significantly newer home compared to most in the immediate area and across the city. The living space is a compact 810 sqft, but it features a renovated basement and a detached garage. The lot size is generous for the street but modest by wider city standards.
The standout characteristic is its financial metrics. The home's assessed value ranks in the top 9% within Daniel McIntyre and the top 7% on its own street, indicating it is viewed as a high-value property in its local context despite its smaller size. This suggests strong value retention for the area. It would particularly suit first-time buyers or investors seeking a modern, low-maintenance property with a proven assessment history. It's also a thoughtful choice for those who prioritize newer mechanical systems and building envelope over square footage, and who see value in a home that outperforms its immediate peers in official valuation.
Frequently Asked Questions
1. Is the home really smaller than average?
Yes. At 810 sqft of living area, it is below the average for the street, neighbourhood, and city. This is reflected in its ranking, which is in the bottom 15-20% for size locally.
2. Why is the assessed value so high relative to its size?
The high assessment ranking is likely due to its modern build year (2008), the renovated basement, and its desirable location on Toronto Street. It appears the official valuation heavily rewards the property's condition and location within its peer group.
3. What does the "Elite" ranking for Year Built in Daniel McIntyre mean?
It means that, within the neighbourhood, a home built in 2008 is exceptionally rare. Most homes in Daniel McIntyre are much older, with the average comparison year being 1920. This is a primary differentiator for this property.
4. How does the recent sale price compare to the assessment?
The home sold for $28,500 in February 2022, which was close to its assessed value at the time. This recent sale supports the stability and accuracy of its current assessed value of $26,400.
5. Is the detached garage included in the living area square footage?
No. The 810 sqft living area refers to the finished habitable space of the bi-level house itself. The detached garage is an additional feature and is not included in that calculation.