Property Overview: 450 McKenzie Street, Winnipeg
Key Characteristics & Appeal
This one-storey home on McKenzie Street in the Inkster-Faraday neighbourhood presents a straightforward, no-frills opportunity. Built in 1911, it's a classic Winnipeg character home with 920 sqft of living space, a detached garage, and a full, unrenovated basement on a 2,821 sqft lot. Its appeal lies in its position as a functional and affordable entry point into the housing market. The data shows it is consistently average or slightly below average for its immediate street and neighbourhood in terms of size, value, and lot size, which translates to a lower price barrier compared to the wider city.
This property would suit a practical, hands-on buyer. It's ideal for a first-time homeowner comfortable with a home that may need gradual updates, or an investor looking for a stable rental property in an established area. Its unrenovated state offers a blank canvas, while its assessed value suggests manageable property taxes. A less obvious perspective is that its age and established location often mean mature trees and a settled streetscape, offering a sense of permanence that newer subdivisions may lack.
Frequently Asked Questions
1. What does the sold price history indicate?
The home sold in May 2020 for an estimated range of $12.5k to $15.5k. This historically low price point is consistent with its assessed value and suggests it has been positioned as a land-value or foundational investment property for some time.
2. How does it compare to other homes in the area?
Within its local context on McKenzie Street and the Inkster-Faraday neighbourhood, this home is consistently around the average for living area, assessed value, and lot size. This means it is very typical for the area, not an outlier in size or value.
3. What should I know about the basement?
The listing specifies the basement exists but is "not renovated." Buyers should budget for potential moisture management, foundational updates, or a full renovation to make it a comfortable living or storage space, which is common for homes of this vintage.
4. Is the lot size a limitation?
At 2,821 sqft, the lot is below the Winnipeg city average but is around average for the immediate street. It provides adequate outdoor space for a garden or patio but may not suit those seeking extensive yard space.
5. What are the implications of the 1911 build date?
As one of the older homes on the street, it may have character details like original woodwork but will also require diligent attention to aging components like plumbing, electrical, and insulation. Its construction predates modern building standards, so a thorough inspection is essential.