Property Overview: 830 Home Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home built in 1913, offering 1,313 sqft of living space on a standard city lot. Its key features include a detached garage and an unfinished basement. The home’s assessed value is notably below the citywide average, positioning it as an accessible entry point into the market.
The appeal lies in its established Daniel McIntyre neighbourhood and its balanced, honest metrics. While its size and lot are typical for the immediate area, the property represents solid value within its community context. It suits first-time buyers or practical investors looking for a character home without a premium price tag. The unrenovated basement presents a clear, defined project for adding value, appealing to those who see potential in personalizing their space over time. A thoughtful perspective is that its "average" stats for the street and neighbourhood provide stability and predictability, reducing the risk of overpaying for the area.
Frequently Asked Questions
1. What does the assessed value tell me about the property?
The $210k assessment is around average for Daniel McIntyre but well below the Winnipeg average. This typically indicates a more affordable entry point into the city’s housing market within an established neighbourhood.
2. Is the living space sufficient for a family?
At 1,313 sqft, the living area is slightly below the average for similar homes on Home Street but above the average for the Daniel McIntyre neighbourhood. It provides a functional layout common for the era, likely suitable for a small to medium-sized family.
3. What should I know about a home built in 1913?
The year of build is older than most citywide homes but typical for the area. Buyers should budget for potential updates to older mechanical systems (like plumbing or wiring) and consider the character and solid construction of the era alongside maintenance needs.
4. How does the unfinished basement affect the property's value?
It presents both a cost and an opportunity. While it may not add immediate finished living space, it allows a new owner to customize the renovation to their taste and needs, potentially increasing the home’s value upon completion.
5. Is the detached garage a significant advantage?
Yes, especially in older neighbourhoods where on-site parking can be limited. A detached garage provides secure storage and parking, a practical asset that adds daily convenience and resale value.