Property Overview
This 1909 one-and-three-quarter storey home in St. Matthews offers a classic Winnipeg character combined with practical potential. Its key appeal lies in its established neighbourhood setting and a solid foundation for customization. The home sits on a 2,521 sqft lot, which is notably larger than many in Winnipeg, ranking within the top 5% city-wide for land area. This provides valuable outdoor space and future possibilities. With 1,124 sqft of living space and an unrenovated basement, the property presents a straightforward canvas. Its assessed value has remained stable, closely aligned with its last sale price in 2017.
This property is well-suited for a first-time buyer or an investor looking for a character home with good bones in a central location. It’s ideal for someone comfortable with a home that may require updates, allowing them to add value over time. The generous lot size is a less obvious but significant asset, offering more privacy and room than is typical for the area, which could appeal to those envisioning a garden, expansion, or simply more breathing room in the city.
Frequently Asked Questions
What does "one-and-three-quarter storey" mean?
This is a common architectural style in older Winnipeg neighbourhoods. It typically means the home has a full main floor and a second floor where the roofline slopes inward, creating smaller but functional rooms with character. It often includes dormer windows.
How significant is the lot size?
At 2,521 sqft, the lot is a standout feature. It ranks larger than 95% of residential lots in Winnipeg, meaning you get more yard space than is typical, which is a valuable and permanent asset in an inner-city neighbourhood.
The basement is noted as "not renovated." What should I expect?
This indicates the basement is in original or functional condition, likely with concrete walls and floors. It provides essential utility space and storage but would require finishing to become a living area. It’s important to have it inspected for moisture and foundation integrity.
What does the stable assessed and sale value indicate?
The assessed value ($18.60k) is very close to the 2017 sale price ($17.90k). This suggests the property has been maintained and its market value has held steady in line with municipal assessment, without dramatic, speculative increases.
Is the detached garage included?
Yes, the listing specifies a detached garage. This is a valuable feature for parking, storage, or workshop space, especially given the home's age and the likelihood it was built without an attached garage.