Property Overview: 777 Simcoe Street, Winnipeg
Key Characteristics & Appeal
This is a well-established, character home in the Daniel McIntyre neighbourhood. Built in 1905, it’s a one-and-three-quarter storey house with 1,037 sqft of living space and a renovated basement, situated on a standard city lot. A detached garage provides practical storage or workshop space. The home’s assessed value is notably modest, which can be a significant advantage for property tax purposes.
Its appeal lies in its position as a solid, no-frills entry into Winnipeg’s housing market within a mature community. The data suggests it’s not an outlier in size or value for its immediate area, indicating a stable and predictable streetscape. The recent basement renovation adds modern functionality to the historic structure. This property would suit first-time buyers, practical investors looking for a character rental, or downsizers seeking a lower-maintenance home without leaving an established neighbourhood. It offers a chance to own a piece of the city’s architectural history without the premium often attached to fully updated heritage homes, appealing to those who value authenticity and potential over perfection.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
The assessed value is significantly lower than the citywide average and the home’s last sold price in 2023 ($200k). This is common for older homes in central neighbourhoods and typically results in lower annual property taxes, which is a financial benefit for the owner.
2. Is the living space sufficient for a family?
At just over 1,000 sqft, the living area is slightly below the local average. It would comfortably suit a small family, a couple, or an individual. The one-and-three-quarter storey layout and renovated basement can help maximize usable space.
3. What are the implications of the home’s age (1905)?
While full of character, a home of this age requires a mindful approach to maintenance. Prospective buyers should prioritize a thorough inspection focusing on foundational integrity, wiring, plumbing, and insulation to understand any needed updates or ongoing upkeep.
4. How does the lot size affect future plans?
The lot is a standard size for the area. It provides adequate outdoor space for gardening or relaxation but may have limitations for major expansions or additions, depending on local zoning bylaws and setback requirements.
5. What is the neighbourhood context of Daniel McIntyre?
Daniel McIntyre is a central, mature neighbourhood. The data shows this home is very typical for the area in terms of size, value, and lot dimensions. This consistency can be a sign of neighbourhood stability. Buyers should explore the specific block and nearby amenities to ensure it fits their lifestyle.