Property Summary: 421 Mckenzie Street, Winnipeg
Key Characteristics & Appeal
This two-storey home on McKenzie Street in Inkster-Faraday presents a practical and value-oriented opportunity. Its key characteristic is a well-proportioned 1,176 sqft living space, which is comfortably above average for both the immediate street and the wider neighbourhood. A significant feature is the renovated basement, adding functional living space. The home is notably newer than most in the area, built in 1950, which may appeal to buyers wary of the maintenance that can come with much older, pre-war housing stock common here.
The appeal lies in its strong positional value within its local context. While the land parcel is modest, the property’s assessed value ranks well above average for the street and neighbourhood, suggesting a perception of solid worth relative to its peers. It suits first-time buyers or practical investors looking for a move-in-ready home with updated basics (like the basement) in an established area, without paying a premium for a larger lot. A thoughtful perspective is that this property represents a "right-sized" home: efficient and manageable, potentially offering lower ongoing property tax burdens compared to city-wide averages, which is a less obvious but meaningful financial consideration.
Frequently Asked Questions
1. How does the property’s value compare?
The home’s assessed value is above average for both McKenzie Street and the Inkster-Faraday neighbourhood, but below the Winnipeg city-wide average. This indicates it is a competitively valued property within its immediate market.
2. What is the significance of the 1950 build year?
Built in 1950, this home is significantly newer than most in the area. This can be an advantage, potentially meaning fewer issues with outdated building materials or systems commonly found in homes from the early 1900s that dominate the neighbourhood.
3. Is the lot size a drawback?
The land area is smaller than average for the street, neighbourhood, and city. This means less outdoor space for gardening or expansion, but also translates to less yard maintenance. It emphasizes the property’s focus on interior living space.
4. What does the sold price history show?
Public data indicates a sale in July 2021 in the range of $20.5k to $23.5k. For an exact historical sold price, you can request the information directly via email from the listing source.
5. Who are the closest comparable properties?
The most direct comparisons are the adjacent homes on McKenzie Street. The listing also shows nearby properties with similar assessed values, though they may be in different neighbourhoods or building types.