Property Overview: 1111 Mcphillips Street, Winnipeg
Key Characteristics & Appeal
This home presents a compelling blend of above-average space and a well-established neighborhood setting. Built in 1954, its nearly 2,000 sqft of living area stands out significantly within the Robertson neighborhood, ranking in the top 1% for size locally. The lot size of just over 7,000 sqft is also notably larger than most in the area, offering generous outdoor space. While its assessed value is around the city average, it commands a premium position within its immediate community, suggesting strong desirability for the location and property scale. The home last sold in mid-2023 for an estimated $450k-$500k.
The appeal lies in securing a property that feels spacious and private relative to its neighbors, without the premium often associated with such lots in other city sectors. It suits buyers looking for a established-character home with room to grow or spread out, who value a neighborhood where the property itself is a standout in terms of scale. It’s a practical choice for those prioritizing more house and land for their investment within the city, rather than a newer build or a specific trendy locale.
Frequently Asked Questions
1. How does this home’s value compare to recent sales?
Based on available data, it sold in July 2023 for an estimated $450,000 to $500,000. This placed its sale price in the top 1% for the Robertson area at that time, indicating a strong market perception of its value relative to nearby properties.
2. Is the living space efficiently laid out for a 1950s build?
At 1,953 sqft, the home is significantly larger than the neighborhood average (977 sqft). While the floor plan isn't detailed here, the sheer size suggests potential for flexible living arrangements, though some updates may be needed to modernize the flow.
3. What does the "Elite" neighborhood ranking for lot size mean?
The lot is 7,078 sqft, ranking in the top 1% in Robertson, where the average is 4,457 sqft. This means you are getting a property with substantially more outdoor space than is typical for the area, a rare find in mature neighborhoods.
4. The assessed value seems modest compared to the last sale price. Why?
The current assessed value is $383k, while the 2023 sale was higher. Municipal assessments for tax purposes often lag behind market sale prices and use different valuation models. The sale price is typically a clearer indicator of current market value.
5. Are there similar-sized homes on Mcphillips Street?
Yes, but they are not the norm. The average living area on the street is 1,246 sqft, making this home over 700 sqft larger than that average. Its size is a distinguishing feature even on its own block.