Property Overview: 796 Simcoe Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Daniel McIntyre is a property of notable contrasts, offering a blend of historic charm and practical updates. Its key characteristic is its generous living space (1,391 sq ft), which ranks well above average for both the immediate street and the broader neighbourhood. This is complemented by a renovated basement, adding valuable functional space, and a detached garage. The lot size (3,201 sq ft) is also comfortably larger than many nearby properties.
The appeal lies in its strong positioning within a well-established community. For its local area, it consistently ranks above average in living area, land size, and assessed value, suggesting it's a substantial home in its context. The recent sale history indicates sustained market interest. It would suit a buyer looking for character and space in a central neighbourhood without a premium city-wide price tag. This home is particularly fitting for those who value a mature streetscape, appreciate the potential of an older home (built 1905), and prioritize in-neighbourhood value over a brand-new build.
Section 2: Frequently Asked Questions
1. How does the assessed value compare to the recent sale price?
The home’s municipal assessed value is $22,100. It last sold in October 2024 for $295,000. This significant difference is common, as assessed values for taxation purposes often lag behind current market values.
2. Is the older age of the home (1905) a concern?
While the home’s age places it well below the city-wide average for year built, it is typical for the historic Daniel McIntyre area. Buyers should budget for maintenance consistent with a character home and consider a thorough inspection to understand the condition of major systems.
3. What does the "above average" ranking for the neighbourhood actually mean?
The data shows that within Daniel McIntyre, this home’s living area and land size rank in the top 30% of comparable properties. This means it offers more space than most homes you’d find in the immediate area, which is a key advantage.
4. The city-wide rankings for value and lot size seem low. Why?
When compared to the entire city, the lot size and assessed value rank lower because the dataset includes many newer suburban developments with larger lots and higher-valued properties. This highlights that the home’s primary value is as a spacious, established property in its specific inner-city neighbourhood, not as a suburban-style lot.
5. Has the property value increased?
The sale history shows a price increase from $273,000 in November 2021 to $295,000 in October 2024, suggesting appreciation over that three-year period.