Property Overview & Appeal
This 1906 two-and-a-half storey home on a large lot in West Broadway presents a compelling blend of historic character and modern updates. Its key appeal lies in its generous scale and established location. With nearly 3,900 sq ft of living space, it ranks among the largest homes not just on its street, but in the entire city. The property features a renovated basement and a detached garage.
The home’s assessed value places it in the top tier for the neighbourhood, suggesting a property that is both substantial and well-maintained relative to its surroundings. Its appeal is multifaceted: it suits a buyer looking for abundant space for a growing or multi-generational family, and also attracts those who appreciate the architectural heritage of a 120-year-old home but want to avoid a full renovation project, thanks to the updated basement. The large, 5,565 sq ft lot offers rare potential for gardens, play space, or future additions in this inner-city area. A less obvious perspective is its strong ranking for lot size and living area, which indicates a "forever home" scale in a neighbourhood of more modest properties, offering long-term value and rarity that isn't always found in comparable historic districts.
Frequently Asked Questions
1. What does the "renovated basement" typically include?
While specifics should be verified, a renovated basement in a home of this era often means it has been finished into a livable space, potentially including insulation, proper flooring, ceilings, and legal egress. It likely adds significant functional space, such as a family room, office, or additional bedroom.
2. How does the age of the home affect maintenance?
Built in 1906, the home will have the charm and solid craftsmanship of its era, but prospective buyers should budget for and expect ongoing maintenance consistent with any century-old structure. This can include updates to original windows, plumbing, or electrical systems, even if the core structure is sound.
3. The assessed value is $730k; is this the same as the market value?
Not necessarily. The assessed value is used for calculating property taxes and is an administrative estimate. Market value is determined by what a buyer is willing to pay in the current market, which can be higher or lower than the assessed amount.
4. What are the advantages of a detached garage in this location?
A detached garage provides secure parking and storage, a valuable asset in a mature neighbourhood. It also offers flexibility—it could serve as a workshop or studio—and may allow for future landscaping or garden designs that wouldn't be possible with an attached structure.
5. The home ranks in the top 2% city-wide for age. Is this a concern?
This statistic means it's one of the older homes in Winnipeg, which is a mark of its heritage. It's not inherently a concern but is a defining characteristic. It underscores the home's historic fabric and suggests that any major systems (roof, foundation, wiring) have likely been updated over time. A thorough inspection is key to understanding its current condition.