Property Overview & Key Characteristics
This one-and-a-half storey home, built in 1913, sits on a generously sized lot in Winnipeg's Logan-C.P.R. neighbourhood. Its key appeal lies in a combination of solid fundamentals and clear potential. The property features a detached garage and a full, unrenovated basement, offering functional space and future opportunity. The living area is above average for its immediate street and neighbourhood, providing good interior space.
The home’s standout feature is its land. At over 2,800 square feet, the lot size ranks in the top tier locally, suggesting valuable outdoor space and future possibilities in a mature area. While the house itself is over a century old and the basement is untouched, the recent 2023 sale indicates active market interest. This property would suit a practical buyer looking for a character home with room to grow, or an investor/renovator who sees value in the substantial lot and is prepared to update the interior and basement over time. Its above-average rankings for lot size and assessed value on its street suggest it is a stronger performer within its immediate block.
Frequently Asked Questions
1. What does "one-and-a-half storey" mean for this home?
Typically, this style features a full main floor with a second floor under sloping rooflines, creating cozy bedrooms or attic spaces. It's a classic Winnipeg design offering character, though ceiling heights in the upper rooms may be lower in some areas.
2. The assessed value seems low compared to the recent sale price. Why?
Municipal assessed values for taxation purposes often lag behind current market values, especially after a recent sale. The 2023 sale price of $200,000 is the more accurate reflection of its current market worth.
3. What is the significance of the lot size rankings?
The lot is larger than 82% of others on Sherman Street, meaning you're getting more land than most neighbours. This can provide more privacy, yard space, and future potential (like additions or landscaping) that is harder to find on standard lots.
4. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but dated space. It likely has the original foundation, flooring, and utilities. While it offers storage and mechanical space, any finished living area would require a significant renovation project, which should be factored into planning and budgeting.
5. How does this home compare to others in the area?
The data shows it compares favourably on its own street for lot size, living space, and value. The "People also viewed" list indicates it sits among other character homes in nearby neighbourhoods like West Alexander, which are often sought after for their heritage and location. This suggests it's in a stable, established market segment.