Property Overview: 784 Simcoe Street, Winnipeg
Key Characteristics & Buyer Profile
This is a compact, character home built in 1896, offering a sense of history in the Daniel McIntyre neighbourhood. Its key features include a renovated basement and a detached garage. With just under 1,000 square feet of living space, the home is notably smaller than the Winnipeg average, promoting a simpler, low-maintenance lifestyle. The lot is also compact, especially compared to typical city lots, which reduces yard work but limits expansive outdoor projects.
The appeal lies in its practicality and location. It represents an accessible entry point into the Winnipeg market, with an assessed value significantly below the city average. The renovated basement adds functional living space. It suits first-time buyers or minimalist-minded individuals seeking an affordable, character-filled home without the upkeep of a larger property. A thoughtful perspective: its age and smaller scale might appeal to those interested in sustainable, "right-sized" living, though it requires a comfort with older home systems and tighter quarters.
Frequently Asked Questions
1. How does the home's size compare to others in the area?
At 984 sq ft, the living area is slightly below the average for the Daniel McIntyre neighbourhood but is fairly typical for homes on Simcoe Street itself. It’s a cozy layout.
2. What does the assessed value indicate?
The City’s assessed value of $16,500 is well below the Winnipeg average, reflecting the home’s smaller size, older age, and compact lot. It typically suggests lower property taxes, but the sale price is determined by the market.
3. Are there any concerns with a home built in 1896?
While full of character, a home of this age will likely have older infrastructure. A thorough inspection is essential to understand the condition of wiring, plumbing, and the foundation. The renovated basement is a positive update.
4. What are the implications of the smaller lot size?
The 2,184 sq ft lot is significantly smaller than most in Winnipeg. This means minimal yard maintenance but also limited space for additions, large decks, or extensive gardening. Parking and storage will rely on the detached garage.
5. Has the property value been stable?
Based on available data, the sale price increased between its 2017 and 2022 sales, from $16,400 to $19,200. This suggests it has held value in its niche, but as an older, unique property, its market value can be less predictable than a standard suburban home.