Property Overview: 848 Downing Street, Winnipeg
Section 1: Key Characteristics & Appeal
This home at 848 Downing Street in the Minto neighbourhood is a practical, no-frills property built in 1943. Its key appeal lies in its efficient scale and relative affordability within the city. With 748 sqft of living space, it is a compact home, ranking below the average size for its street, area, and Winnipeg overall. However, it sits on a reasonably sized 3,546 sqft lot that is typical for the Minto area.
The home’s assessed value is modest and aligns closely with the averages for both Downing Street and the wider Minto neighbourhood, though it falls below the city-wide average. This creates a value proposition: you are acquiring a property that is priced consistently within its immediate community, not at a premium. Its age is a notable characteristic; built in 1943, it is newer than many homes on its street, which may suggest updates over time or potentially fewer immediate heritage-related concerns.
This property would best suit a first-time buyer, an investor, or someone looking to downsize, prioritizing location and lot size over interior square footage. It’s for a buyer who sees potential in a smaller footprint and values a lower property tax base (reflected in the assessment). The appeal is grounded in practicality and entry-point accessibility rather than luxury or size.
Section 2: Frequently Asked Questions
1. Is the assessed value the same as the market value?
No. The assessed value (listed as $25,700) is for municipal tax purposes. The market value, or what a buyer would pay, is determined by current market conditions. The last known sale was between $200k-$250k in 2019.
2. How does the living area compare to nearby homes?
At 748 sqft, the living area is smaller than the average home on Downing Street (~948 sqft) and in the Minto area (~1,060 sqft). It is a compact layout, so buyers should be comfortable with a smaller interior footprint.
3. What does the "Top X%" ranking mean for the Land Area?
For land area, the "Top 89%" on its street means this property's lot size is in the bottom 11% on Downing Street (ranked 225 out of 253). However, within the broader Minto area, its lot is around average (Top 32%). This indicates lots on its specific street are generally larger, but the property’s lot is typical for the neighbourhood.
4. The home is over 80 years old. What should I consider?
While it’s newer than many on its block, a home from 1943 will likely require a thorough inspection. Key focuses should be the foundation, roof, plumbing, electrical systems, and insulation. Its age also means there could be character features, but also the potential for needed updates.
5. How can I find out the exact past sale price?
The provided sale history shows a range. To obtain the exact sale price from 2019, you can use the email request form on the property page. The service is manual but provided without marketing spam.