Property Overview
This two-storey home at 780 Toronto Street in Winnipeg's Daniel McIntyre neighbourhood presents a classic character property with practical considerations. Built in 1893, it offers 1,044 sqft of living space and sits on a 2,336 sqft lot. Key features include a basement (not renovated) and no garage. The home last sold in December 2024 for $200,000.
Key Characteristics & Appeal
This property is defined by its historical roots and its position as a relatively affordable entry into the Winnipeg market. Its appeal lies in its larger-than-average lot for the immediate street, offering more outdoor space than many neighbouring homes. The recent sale suggests it's a move-in-ready home rather than a full project, though the unrenovated basement indicates potential for future customization.
It would suit a first-time buyer or an investor looking for a character home in a central location without the premium price of a fully updated property. The buyer should appreciate older home charm and be comfortable with a home whose assessed value is significantly below the citywide average, which can mean lower property taxes but also reflects its age and location. A thoughtful perspective is that this home represents a tangible piece of Winnipeg's architectural history from the 1890s, offering a connection to the city's past that newer builds cannot.
Frequently Asked Questions
1. What does the assessed value versus sale price indicate?
The assessed value ($17,900) is an administrative value for municipal tax purposes and is often much lower than market value for older homes in central neighbourhoods. The recent $200,000 sale price is the true indicator of its current market value.
2. Is the unrenovated basement finished?
The listing specifies the basement is "not renovated." This typically means it is unfinished or partially finished in its original state, presenting an opportunity for the buyer to customize the space to their needs.
3. How does the lot size compare practically?
While the lot is above average for Toronto Street, it is below average for both the wider neighbourhood and the city. This means you likely have a decent yard for the immediate area, but it's still a urban, central lot.
4. What should I consider about a home built in 1893?
While full of character, a home of this age will have older building materials and systems. Prospective buyers should pay close attention to the condition of the foundation, wiring, plumbing, and roof during an inspection.
5. Are there any obvious major projects?
The listing does not mention a garage, so off-street parking may not be available. This is a common trade-off for older, central homes and is an important logistical consideration.