389 Seymour Street

Property Overview: 389 Seymour Street, Winnipeg

Key Characteristics & Appeal

This 748 sqft home, built in 1922, presents a compact and efficient living space on a standard 3,000 sqft lot in the Robertson neighbourhood. Its assessed value of $227k is notably below the Winnipeg city average, reflecting its modest size and age. The appeal here is fundamentally about value and location. It offers an entry point into the Winnipeg market well below the city's typical price point, which is particularly suited for first-time buyers, investors, or those seeking a minimalist footprint without a sprawling commitment.

While the home ranks below average in size at every level, its value proposition is clearer when viewed locally: its assessed value is much closer to the street and neighbourhood averages. This suggests you're paying for a specific location within Robertson, not just square footage. The recent sale in late 2024 within the $250k-$300k range indicates a market value comfortably above its assessment, a point for buyers to note. This property suits pragmatic buyers who prioritize financial accessibility and a traditional neighbourhood feel over spacious, modern interiors. It's a home that asks for a focus on utility and potential, whether as a live-in project or a straightforward rental investment.

Frequently Asked Questions

1. Is the assessed value a reliable indicator of the sale price?
Not directly. This home sold for between $250,000 and $300,000 in late 2024, which is above its $227,000 assessment. Assessments are for taxation purposes and often lag behind current market conditions, especially in active markets.

2. How does the size of this home compare practically?
At 748 sqft, it's significantly smaller than the Winnipeg average (1,342 sqft). This means efficient use of space is essential. It's likely a 1-2 bedroom layout, suitable for individuals, couples, or small families comfortable with cozy living.

3. What does the "Below Average" ranking for Year Built mean?
Built in 1922, it's older than most homes in its area and the city. This typically implies character but also warrants close attention to the condition of major aging components like wiring, plumbing, and the foundation during an inspection.

4. The lot size is "Below Average" for the neighbourhood. Is that a concern?
At 3,000 sqft, the lot is smaller than the Robertson average but is very typical for its specific street. It provides a standard backyard space for a home of this era but may not offer extensive room for large additions or sprawling outdoor amenities.

5. How can I find out the exact sold price?
The provided data shows a sold price range. Due to industry rules, exact sale figures are not published publicly here. You can request the exact sold price history via email from the site provider for verified figures.