Property Overview & Key Characteristics

This 1,221 sqft one-and-three-quarter storey home on Simcoe Street is a classic early-1900s residence in Winnipeg's Daniel McIntyre neighbourhood. Built in 1907, its living space is modest but above average for the immediate area. A key characteristic is its very low municipal assessed value, which is significantly below averages for the street, neighbourhood, and city. The home sits on a smaller, urban-sized lot and features a basement that is present but not renovated. There is no garage or pool.

Its primary appeal lies in its position as an entry-point property in an established central neighbourhood. The low assessment suggests a potentially lower property tax burden, which is a notable financial consideration. This home would suit a pragmatic, value-conscious buyer—perhaps a first-time homeowner, an investor, or a downsizer—who is comfortable with a home that offers basic shelter and location over modern finishes or ample outdoor space. It’s a property for those who see potential in the fundamentals and are prepared for the maintenance or updates common to a house of this age.

Frequently Asked Questions

1. Why is the assessed value so much lower than nearby homes?
While the exact methodology isn't public, a significantly lower assessment often reflects the home's condition, specific market factors, or improvements not captured in the valuation. It's essential to compare it with recent sale prices, not just assessments, for a true market picture.

2. What does "basement not renovated" typically mean?
This usually indicates the basement is in original or utilitarian condition, likely with concrete walls and floors. It provides functional space for storage, laundry, or mechanical systems but would require investment to become a finished living area.

3. How does the smaller lot size affect living here?
The lot is smaller than most in the area, meaning lower maintenance for yards and gardening—a plus for some. However, it also means limited private outdoor space and very little potential for expansions like a large addition or garage.

4. Is the age of the home (1907) a concern?
Homes from this era were built with durable materials, but age necessitates attention to foundational systems. Prospective buyers should prioritize inspections for the roof, wiring, plumbing, and foundation to understand any needed updates.

5. The home last sold in 2020. What should I consider?
The 2020 sale price provides a recent market data point, but the market has likely changed. Investigating why the current owner is selling after a relatively short period and what changes have been made since 2020 would be prudent.