Property Overview: 526 Giroux Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, compact one-and-a-half storey home in Winnipeg's Dufresne neighbourhood, built in 1922. With 928 sqft of living space and a 3,423 sqft lot, its scale is modest, particularly when compared to the city-wide average. The home features a detached garage and an unrenovated basement, presenting a straightforward, no-frills canvas.
Its primary appeal lies in its positioning as an affordable entry point into the market. The home's assessed value is notably below the city average, suggesting a lower property tax burden and an accessible price point. While smaller than newer builds, its size is quite typical for its immediate street and area, offering a comfortable fit for a first-time buyer, a small household, or an investor. A thoughtful perspective is that this property represents the "bones" of a neighbourhood—a home whose value is more closely tied to the land and location in a well-established community than to its current finishes or size. It suits a buyer comfortable with a home that may require updates over time, who prioritizes getting into the market over move-in-ready perfection, and who values the potential of a character home in a mature area.
Section 2: Frequently Asked Questions
1. What does "one & 3/4 storey" mean?
This is a common architectural style in Winnipeg, typically featuring a main floor and a second floor with sloped ceilings (under the roofline), which often contains bedrooms. It maximizes space in a compact footprint.
2. How significant is the "unrenovated basement"?
This indicates the basement is in original or functional condition but hasn't been modernized into a finished living space. It provides essential utility space and storage but will likely lack contemporary finishes. Buyers should budget for potential moisture management or upgrades.
3. The assessed value seems very low compared to the city average. Why?
Municipal assessed value for tax purposes is not the same as market value. This lower assessment primarily reflects the home's age, smaller size, and condition relative to the broader Winnipeg housing stock, and typically results in lower annual property taxes.
4. How does this home compare to others nearby?
The data shows this home is very average for both its size and value within the Dufresne area itself. It may feel smaller or larger only when compared to homes across all of Winnipeg. Its lot size is slightly below the area average but is a standard city lot.
5. What is the neighbourhood like?
Dufresne is a long-established, residential neighbourhood in Winnipeg. The listing shows homes on the same street are of similar vintage and scale, suggesting a consistent, stable streetscape without drastic variations in house size or style.