Property Overview: 818 Downing Street, Winnipeg
Key Characteristics & Appeal
This home, built in 1945, presents a compelling opportunity in Winnipeg's Minto neighbourhood. Its primary appeal lies in its strong standing within its immediate community. The property features a 1,231 sqft living area and a 4,148 sqft lot, both of which rank in the top 15% on its street, offering more space than most direct neighbours. Similarly, its assessed value is above average for the area. This creates a value proposition: you get a home that is substantial and well-regarded in its local context, without the premium associated with broader city-wide comparisons.
The data suggests a home that is a standout on its block but more modest when viewed against the entire city. This suits buyers who prioritize space and value within a specific, established community over a "prestige" city-wide address. It would appeal to a practical buyer—perhaps a young family seeking room to grow in a neighbourhood of similar vintage homes, or an investor looking for a solid asset in a stable area. The recent sale history (2023) also indicates active market interest.
Frequently Asked Questions
1. How does this home’s value compare to the rest of Winnipeg?
While its assessed value is above average for Minto and its own street, it falls below the city-wide average. This is typical for many established neighbourhoods and reflects the localized nature of Winnipeg’s housing market.
2. Is the 1945 build date a concern?
The year built (1945) is actually newer than many homes on Downing Street and in Minto. While updates and maintenance history are always key, the data indicates the home is relatively younger than many in its immediate area.
3. What does the sold price range (CA$300k–350k in 2023) tell me?
It provides a recent market benchmark. The fact that it sold in the top 8-11% of its local area for price at that time confirms the property’s competitive standing within the neighbourhood.
4. How accurate is the assessed value for determining market price?
Assessed value is for municipal tax purposes and is a lagging indicator. It’s useful for understanding the home’s relative standing compared to neighbours, but the recent sold price is a more direct indicator of its market value.
5. Can I get the exact historical sold prices?
Yes, the exact sold price history is available by request via email from the listing service. They provide this data manually and do not use the request for unsolicited marketing.