Property Overview: 861 Home Street, Winnipeg
Key Characteristics & Appeal
This is a classic two-storey home in the Daniel McIntyre neighbourhood, built in 1910. With 1,210 sqft of living space and a renovated basement, it offers a practical layout for everyday living. The lot is a compact 2,493 sqft, which means lower maintenance but less private outdoor space—a trade-off common for inner-city properties.
Its primary appeal lies in its established location and solid fundamentals. The home sits in the middle of the pack for its immediate area in terms of size, value, and age, indicating it’s a typical, well-integrated property for the neighbourhood. It last sold in 2017 for $190,000, and its current assessed value is notably below the Winnipeg citywide average, which could represent a more accessible entry point into the market.
This home would suit a first-time buyer or a practical downsizer looking for character in a mature neighbourhood without a major renovation project. The renovated basement adds functional space, making it viable for someone needing a home office or extra living area. It’s a property for those who value location and simplicity over square footage or a large yard.
Frequently Asked Questions
1. What does the "renovated basement" likely include?
While specifics aren't listed, a "renovated basement" in a home of this era typically means it has been finished into a livable space with proper flooring, drywall, and lighting. It may include a recreation room, laundry area, or storage. It’s important to verify the quality of the renovation and check for any moisture issues common in older foundations.
2. How does the lack of a garage affect daily life here?
The property has no garage, which is common in Daniel McIntyre. Buyers should plan for street parking. While this saves on maintenance costs, it means dealing with winter snow clearing and summer parking restrictions. The compact lot also limits the potential for adding a garage later.
3. The assessed value seems very low compared to the 2017 sale price. Why?
The assessed value (approximately $20k) is for municipal tax purposes only and is not an indicator of market value. Market value is determined by recent sales of comparable homes, like the property’s own 2017 sale at $190,000. Always rely on a current market evaluation, not the tax assessment, for understanding price.
4. Is the living space sufficient for a small family?
At 1,210 sqft, it’s slightly below the average for similar homes on its street. The two-storey layout helps separate living and sleeping areas. A small family could make it work, but space will be efficient. The renovated basement effectively adds a crucial extra zone for play or relaxation.
5. What are the less obvious pros and cons of a home built in 1910?
A pro is the potential for charming original character (like hardwood floors, trim) that is often found in homes of this period. A significant con is the likelihood of older mechanical systems (plumbing, wiring, heating) that may need updating or budgeting for future replacement, even if the basement itself is renovated.