Property Overview

This 1902 one-storey home on Victor Street in Daniel McIntyre is a compact, character property with a renovated basement and a detached garage. At 775 sq ft, its living space is notably smaller than most comparable homes in the area and citywide. However, its assessed value ranks above average for its immediate street, suggesting it is well-maintained and perceived as a solid value within its specific neighbourhood context. The lot is urban-sized at 2,345 sq ft. Its primary appeal lies in being an efficient, lower-maintenance entry point into the Winnipeg market, particularly for those who value a central location over square footage. The recent basement renovation adds functional living space.

This home would suit first-time buyers, downsizers, or investors looking for a character home with modern updates in a central location. It’s for someone comfortable with a cozy footprint who sees potential in a smaller, well-placed property rather than a sprawling one. A thoughtful perspective is that while it’s small by most metrics, its strong assessed value ranking on its street indicates it may be a standout property on the block, possibly with updates or condition that outpaces its immediate peers.

Frequently Asked Questions

1. Is the house too small?
At 775 sq ft of above-ground living space, it is significantly smaller than the average Winnipeg home. The renovated basement provides additional functional space, making it a viable option for individuals, couples, or small families comfortable with a cozy layout.

2. How does the assessed value compare?
The assessed value is above average for Victor Street itself but below the citywide average. This typically indicates the property is in good condition relative to its direct neighbours, though it sits in a neighbourhood with generally lower property values than the city as a whole.

3. What does the sale history indicate?
The property sold in June 2022 for $23.4k and in January 2017 for $19.3k. The increase suggests a trend of rising value, though it's important to have a professional review what specific changes or market conditions drove this.

4. Are there concerns with the age of the home?
Built in 1902, it is older than over 99% of citywide properties. This means potential for character and established neighbourhood roots, but also necessitates a thorough inspection for foundational integrity, wiring, plumbing, and insulation to understand any needed updates or maintenance.

5. What is the land and location like?
The 2,345 sq ft lot is typical for the central neighbourhood—smaller than a suburban plot but providing essential outdoor space. Its central Daniel McIntyre location offers urban convenience. The very close proximity of neighbouring homes (some just 8 meters away) is standard for the area but means privacy is limited.