Property Overview: 422 Mckenzie Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-and-a-half storey home, built in 1942, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 960 sqft of living space and a 3,309 sqft lot, its size is very typical for the immediate area, offering a manageable footprint. The home features a detached garage and a basement that is noted as being unrenovated, presenting a blank canvas for future development.
The primary appeal lies in its positioning as a straightforward, no-frills property. Its assessed value is consistently average for its street and neighbourhood, suggesting a stable, entry-level point in the market. This isn't a standout luxury home, but rather a representative example of the area's housing stock. It would suit a first-time buyer, an investor looking for a rental property, or someone seeking a modest, low-maintenance home without the premium of a larger lot or updated finishes. A thoughtful perspective is that the unrenovated basement, while requiring work, offers potential for added living space or rental income without the cost of an addition, and the home's very averageness on its street could mean less competition and more negotiating power compared to more standout properties.
Section 2: Frequently Asked Questions
1. What is the actual likely selling price?
The assessed value is approximately $19,700, but market price is determined by current conditions. It last sold between $14.5k-$17.5k in 2020. For a precise historical sold price, you can request it via email from the listing source.
2. Is the house smaller than most in Winnipeg?
Yes. At 960 sqft, its living area is below the Winnipeg city-wide average for comparable homes. However, it is very much on par with the averages for both Mckenzie Street and the broader Inkster-Faraday neighbourhood.
3. What does "basement not renovated" imply?
It means the basement is in original or utilitarian condition. It is likely unfinished or partially finished with older materials. Buyers should budget for potential updates and consider inspections for moisture, insulation, and foundational integrity.
4. How does the lot size compare?
The lot is 3,309 sqft, which is average for the local area but below the much larger city-wide average. This means smaller outdoor maintenance but also less private space than you might find in suburban neighbourhoods.
5. Are homes from 1942 a concern?
The year built (1942) is newer than many on its street. While any home of this age will require diligent maintenance, its systems (roof, wiring, plumbing) have likely been updated over time. A thorough inspection is essential to understand the condition and any needed repairs.