Property Overview
This home at 371 Toronto Street in Winnipeg's St. Matthews neighborhood presents a classic, early-1900s character home with practical appeal. Its key characteristics are defined by how it compares to its surroundings. The 1,260 sqft living space is above average for Toronto Street itself, offering more room than many immediate neighbors. With an assessed value of $206,000, it sits above the street average but significantly below the Winnipeg city average, highlighting its position as a relatively affordable entry in an established central neighborhood. The lot, at 2,330 sqft, is smaller than many in the wider area but is typical for the street.
The appeal lies in its balance of space, value, and location. It suits first-time buyers or practical investors seeking a character home without a premium city-wide price tag. It’s for someone who values being in a mature neighborhood with older homes, where this property offers a bit more interior space than others on the block. A less obvious perspective is that its "below average" city-wide lot size and assessed value are actually strengths, suggesting lower property taxes and less maintenance than a larger yard, which can be ideal for busy professionals or downsizers.
Frequently Asked Questions
1. How does this home’s value compare to others in Winnipeg?
Its assessed value of $206,000 is well below the Winnipeg average (in the top 91%, meaning only 9% of homes are assessed lower), indicating it is a more affordable option within the city.
2. Is the living space typical for the area?
Yes. At 1,260 sqft, it is above the average for Toronto Street and around the average for the broader St. Matthews neighborhood, offering a comfortable size for the area.
3. What does the year built (1911) mean for me?
It places the home among the older properties on its street and in the city. This typically means classic construction and character, but buyers should be prepared for potential maintenance or updates associated with a century-old home.
4. The lot seems small. Is that a concern?
The lot is smaller than many in St. Matthews and much smaller than the Winnipeg average. However, it is close to the typical size for Toronto Street. This means less yard upkeep, which some buyers may prefer, but limited private outdoor space.
5. Where can I get exact historical sold prices for this property?
The displayed sold prices are estimated ranges. To receive verified, exact sale figures, you can request them by email through the site. The data provided is from public sources and not the MLS.