Property Overview: 401 Seymour Street, Winnipeg
Key Characteristics & Buyer Appeal
This is a compact, century-old home (built 1911) in Winnipeg's Robertson neighborhood, presenting a clear value-oriented opportunity. Its key characteristic is its modest size, with a living area of 660 sqft that places it well below averages for the street, area, and city. The assessed value of approximately $206k is similarly below local benchmarks, reflecting its scale and age. The lot size of 3,000 sqft is fairly typical for the immediate street but smaller than the wider neighborhood average.
The primary appeal lies in its accessibility as one of the most affordable entry points into the Winnipeg market. It suits first-time buyers, investors, or downsizers seeking minimal property taxes and a lower upfront cost. A thoughtful perspective is that its status as the oldest home on the street offers a unique character, but it also implies a greater need for diligent inspection regarding updates to major systems like wiring, plumbing, and insulation. The recent sale in 2022 suggests potential for quick turnover, but it also means the current value may be closely tied to that recent transaction price.
Frequently Asked Questions
1. Is this a good investment property?
Given its below-average assessed value and compact size, it could be a candidate for a rental property with a lower initial investment. However, the older building age may lead to higher maintenance costs, which should be factored into investment calculations.
2. Why is the living area so much smaller than nearby homes?
At 660 sqft, this home is significantly smaller than most in Robertson. This is its defining feature, indicating it may be a bungalow, cottage, or a home originally built with fewer rooms. It directly contributes to the lower assessed value.
3. How reliable are the sold price figures shown?
The site notes sold price data is from public online sources, not the MLS, and is presented in a range (CA$200k–250k for 4/2022). For fully verified and exact historical sale prices, you must request a manual lookup from the site via email.
4. What should I be concerned about with a house from 1911?
While full of character, a 111-year-old home requires careful evaluation. Key considerations include the condition of the foundation, the age and material of plumbing and electrical systems, the presence of knob-and-tube wiring, insulation levels, and the history of any structural updates.
5. How does the lot size compare, and what are the implications?
At 3,000 sqft, the lot is around average for Seymour Street but below the neighborhood average. This means outdoor space is limited compared to many area homes, but it also translates to less yard maintenance. There is likely little potential for subdivision, but the lot may still allow for a small addition or garden.