Property Overview: 661 Toronto Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1905, presents a classic character property in Winnipeg's Daniel McIntyre neighbourhood. With 1,250 sqft of living space, it offers above-average roominess for both its immediate street and the local area. The lot size of 2,339 sqft is notably generous for the central city, providing valuable outdoor space. Key features include a basement (not renovated) and no garage.

The primary appeal lies in its value and location. The home's assessed value positions it as an above-average offering on its street, suggesting a solid entry point into a mature neighbourhood. It suits practical, value-conscious buyers such as first-time homeowners willing to take on a property with original details, or investors looking for a character rental with a large lot. The home’s age means potential for charm, but also implies a need for thorough inspection and likely updates. A thoughtful perspective is that while its size and lot are strong locally, it requires a buyer who sees value in the neighbourhood's established community over newer suburban amenities.

Section 2: Frequently Asked Questions

1. What does "above average for the street but below average citywide" really mean for value?
This indicates the home is a competitively sized property on a street of similar older homes, offering good value within its immediate context. The citywide comparison reflects its more modest scale and assessed value compared to newer or larger homes across all Winnipeg neighbourhoods, which is typical for central, character-filled areas.

2. What should I know about a house built in 1905?
Expect character features like original woodwork, but also anticipate older mechanical systems (plumbing, wiring, heating) that may need evaluation or upgrading. The unrenovated basement suggests the fundamentals are intact but likely in original condition.

3. Is the lack of a garage a significant drawback?
On-street parking is common in this neighbourhood. The large lot could potentially allow for the future addition of a parking pad or garage, subject to city bylaws, which is a less obvious advantage.

4. How does the assessed value relate to the likely selling price?
Assessed value is for municipal tax purposes and is not a market appraisal. It can be a useful benchmark against neighbouring properties, but the selling price will be determined by current market conditions, the home's specific state, and buyer demand.

5. Who are the typical neighbours or buyers in this area?
Daniel McIntyre often attracts a mix of long-term residents, young professionals, and students due to its central location and proximity to amenities and institutions. Buyers here typically prioritize location, lot size, and character over turn-key modern finishes.