Property Overview: 897 Downing Street, Winnipeg
Key Characteristics & Appeal
This home at 897 Downing Street in the Minto neighbourhood presents a compelling case for value within its immediate area. Built in 1944, it stands out locally for its above-average living space. At 1,256 sqft, it offers more room than most similar homes on its street and in the wider Minto area. This makes it a practical choice for small families, first-time buyers needing space to grow, or anyone seeking a home that feels spacious for its market segment without the premium of a newer property.
Its appeal is rooted in its strong position within the local context. While its assessed value and lot size are modest by city-wide standards, they are consistently above average for Minto. This suggests you are getting a property that outperforms many of its direct neighbours on key metrics. The lot, at 3,647 sqft, is notably larger than the area average, offering good outdoor potential. A thoughtful perspective is that this home represents a "big fish in a small pond" scenario—it provides the benefits of a mature, established neighbourhood where this particular house is a standout in terms of size and value relative to its peers. It would suit a pragmatic buyer who prioritizes interior space and lot size over a modern build, and who understands value through a hyper-local lens rather than city-wide comparisons.
Frequently Asked Questions
1. How does this home's value compare to recent sales?
Based on public data, a home on this street sold for between $300,000 and $350,000 in 2021. This sale price ranked in the top 13% for the street and top 19% for the Minto area at the time, indicating a history of strong local value.
2. What does the assessed value tell me?
The assessed value of $28,100 is for municipal tax purposes. It's important to note that this is not the market value. Its significance here is that it ranks above average for both Downing Street and Minto, suggesting the city assesses it as a higher-value property within its immediate locale.
3. Is a home from 1944 a concern?
The year built (1944) is actually newer than many homes on the street and in Minto. While any older home will require a thorough inspection for maintenance, wiring, and plumbing, it is a relatively newer build for this historic neighbourhood.
4. How accurate is the public sold price data?
The provided sold price ranges are based on available public data. For the exact historical sold price, you can request it via email from the site; they provide this detail manually as a service.
5. What are the trade-offs of this property?
The data shows a clear trade-off. This home offers more living space and a larger lot than most in Minto, but its city-wide rankings for value, age, and land are below average. This highlights its primary appeal: strong local value for space in an older, central neighbourhood versus a potentially newer or larger lot in suburban areas.