Property Overview: 401 Mckenzie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home in Inkster-Faraday presents a practical and renovated living space. Its key characteristics include 1,180 sqft of living area, a renovated basement, a detached garage, and a lot size of 2,614 sqft. Built in 1914, the home carries the charm and solid construction of its era.
The primary appeal lies in its move-in readiness with a modernized basement, offering flexible space. The detached garage is a valuable asset for storage or workshop use. From a data perspective, this property stands out as a solid performer within its immediate neighborhood. Its assessed value and living area rank above average for Mckenzie Street and the broader Inkster-Faraday area, suggesting it is a well-regarded home in its local context. While the lot is smaller than many city-wide averages, this often translates to lower maintenance.
This home would suit first-time buyers or practical downsizers looking for an established, no-fuss property in a mature neighborhood. It’s ideal for someone who values a renovated interior and the character of an older home, but without the desire for a large yard to upkeep. Investors may also see value in its stable assessment and rental potential.
Section 2: Frequently Asked Questions
1. What does the sold price history indicate?
The home sold in May 2019 for an estimated range of $155k-$185k. Its current assessed value of $211k suggests significant market appreciation since that last sale, which is important context for understanding today's value.
2. How does the property compare to others in the area?
The data shows this home is competitive locally. Its living space is above the average for similar homes on its street and in Inkster-Faraday. Its assessed value also ranks above average for the street, indicating it may be in better condition or have more desirable features than many direct neighbors.
3. Are there any considerations with a 1914 build date?
While the renovated basement is a plus, a home of this age will have older core components. Prospective buyers should pay special attention to the foundation, original plumbing and electrical updates, and the roof during an inspection. The charm of older construction comes with a responsibility for diligent maintenance.
4. How usable is the lot given its size?
At just over 2,600 sqft, the lot is compact. This means minimal yard maintenance, but also limited space for expansions, large gardens, or extensive outdoor recreation. The trade-off is efficiency and less time spent on yard work.
5. What is the significance of the detached garage?
A detached garage offers excellent utility for vehicle storage, a workshop, or additional storage space. It also provides more flexibility for future property modifications than an attached structure might. However, it is less convenient in Winnipeg winters compared to an attached, heated garage.