Property Overview: 494 Mckenzie Street, Winnipeg
Key Characteristics & Appeal
This one-and-a-half storey home, built in 1944, presents a practical opportunity in Winnipeg's Inkster-Faraday neighbourhood. With 939 square feet of living space and a 3,540 sqft lot, its scale is modest but aligns with the local area's averages. A key feature is the existing, unrenovated basement, offering potential for future expansion or storage, and the property includes a detached garage.
The primary appeal lies in its position as an affordable, no-frills entry point into the housing market. The home's assessed value is significantly below the citywide average, suggesting a lower property tax burden and an accessible price point. It suits first-time buyers, investors looking for a rental property, or hands-on individuals comfortable with a home that may require updates over time. A thoughtful perspective is that while its size is below the city average, it is competitively sized for its immediate area, offering a more manageable and efficient footprint for smaller households without paying for unused space.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
This style typically features a main floor with principal rooms and a second floor under sloping roof lines, often creating cozy bedrooms with unique character. It's a common design for homes of this era in Winnipeg.
2. The assessed value seems very low compared to the city average. Why?
The assessed value is for municipal tax purposes and is not a market price. It reflects the value relative to similar properties in its assessment area. The significant gap from the citywide average highlights the neighbourhood's affordability and different market conditions.
3. Is the unrenovated basement finished?
The listing specifies it is "not renovated," which generally means it is unfinished or in original condition. This presents raw space that a new owner could develop to suit their needs, subject to permits and codes.
4. How does the lot size compare?
At just under 3,500 sqft, the lot is typical for the street and neighbourhood but is smaller than the average Winnipeg lot. This means less yard maintenance but also less private outdoor space.
5. What can the recent sold price history tell me?
The listed sale range from 2021 provides a recent benchmark. For the most accurate historical sold price data, you must request it directly via the provided email service, as this information is manually verified.