Property Overview: 438 Mcgregor Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home, built in 1913, is a classic character property situated in the Inkster-Faraday neighbourhood. With 1,244 sqft of living space and a 3,218 sqft lot, it offers solid, functional proportions. The home includes a basement and a detached garage. Its appeal lies in its established location and its position as a relatively average property within its immediate area—it doesn’t stand out as exceptionally large or small, old or new, compared to its direct neighbours. This can be an advantage for buyers seeking a straightforward, no-surprises entry into the market. The very low city-wide assessed value suggests a potentially accessible price point for first-time buyers or investors. It would suit a practical buyer looking for a home with original character that may benefit from updates, or an investor seeking a rental property in a long-established community. A less obvious perspective is that its "average" metrics on the street indicate stability and predictability, which can be a smart choice for those wary of overpaying for hyper-unique features in a fluctuating market.
Section 2: Frequently Asked Questions
1. What is the actual sold price history?
The public data shows a sale in September 2016 for an estimated range of $15.50k to $18.50k. For precise historical sold prices, you must request the information directly via email from the listing source, as this data is verified and provided manually.
2. What does the assessed value indicate?
The assessed value is approximately $20.10k. It’s crucial to understand that this is a municipal assessment for tax purposes and is dramatically lower than typical market prices in Winnipeg. It should not be confused with a market valuation or listing price.
3. What is the condition of the basement?
The listing specifies the basement exists but is "not renovated." Prospective buyers should budget for potential updates and anticipate a professional inspection to assess its current state and any necessary repairs or moisture control.
4. How does this home compare to others in Winnipeg?
City-wide data shows this home is below average in assessed value, land size, and year built. This highlights that it is a more compact, older property in an established neighbourhood, offering a different value proposition than newer suburban homes.
5. What is the neighbourhood like for daily living?
Located on Mcgregor Street in Inkster-Faraday, the home is part of a dense network of similar properties, as seen in the list of nearby addresses. This suggests a close-knit, urban streetscape. Buyers should explore the area in person to evaluate amenities, traffic, and overall community feel.