Property Overview: 384 Seymour Street, Winnipeg
Key Characteristics & Appeal
This is a modest, early 20th-century home in Winnipeg's Robertson neighborhood, built in 1924. With just over 1,000 square feet of living space on a 3,000 sqft lot, its size is typical for its immediate street but sits below the averages for both the wider neighborhood and the city. The home’s most defining characteristic is its assessed value of $198k, which is notably below average for the area and significantly lower than Winnipeg’s citywide benchmark. This creates a clear value proposition: it offers an entry point into homeownership with property taxes based on a low assessment.
Its appeal lies in its positioning as an affordable, no-frills foundation. For the right buyer, it represents potential rather than perfection. It would suit a first-time buyer or an investor comfortable with a home that likely requires updates, seeing the below-average valuation as room to add value through renovation. It could also appeal to someone seeking minimal debt exposure or a long-term hold in a central location, accepting the older structure and smaller lot size in exchange for a lower financial barrier to entry.
Frequently Asked Questions
1. Why is the assessed value so much lower than nearby homes?
The assessed value is based on the property's specific attributes—its age, size, and condition—as determined by municipal assessors. Being an older, smaller home on a modest lot compared to area averages results in a lower valuation, which directly translates to lower property taxes.
2. What does the "Below Average" ranking for Year Built mean for me?
A 1924 build date means this is one of the older homes on the street and in the area. Buyers should budget for maintenance and updates typical of a century-old home, such as potential updates to wiring, plumbing, or insulation. A thorough inspection is essential.
3. The sold price history shows a range of $150k-$200k. How can I get the exact figure?
Due to industry regulations, exact MLS sold prices are not published on this site. You can request the exact historical sale data via email from the provider, who will manually look it up and send it to you.
4. How does the living area compare to other homes?
At 1,011 sqft, it's very close to the average for Seymour Street (~941 sqft) and the Robertson neighborhood (~977 sqft). However, it's considerably smaller than the typical Winnipeg home (~1,342 sqft), indicating compact, efficient living spaces.
5. Is the lot size a limitation?
The 3,000 sqft lot is near average for the street but smaller than most in Robertson and much smaller than the city average. This means smaller outdoor space but also less yard maintenance. It may limit expansion possibilities, so checking zoning bylaws for any future addition plans would be important.