680 Mcgee Street

Property Overview

This 1905 one-and-a-half storey home on a 2,556 sqft lot in Daniel McIntyre presents a classic Winnipeg character property with clear potential. Its appeal lies in its above-average lot size for the street and its solid, century-old bones, reflected in an assessed value that ranks highly within the wider city. The 960 sqft living area is practical, and the presence of a basement—though unrenovated—adds utility. This home suits a hands-on buyer looking for an entry point into a central neighbourhood, someone comfortable with a project that offers the reward of adding value over time. It’s less about move-in-ready perfection and more about securing a property with good underlying metrics in a historic area, ideal for an investor or a first-time homeowner with renovation plans.

Key Questions for Consideration

What does the "unrenovated basement" condition imply?
It typically means the basement is in original or utilitarian condition, likely with concrete walls and floors, and is suited for storage or mechanical systems rather than finished living space. Planning for potential moisture management or future finishing should be part of any inspection.

How significant is the lot size?
At over 2,500 sqft, the lot is notably larger than many in the immediate area (ranking in the top 14% on the street). This is a standout feature that offers more outdoor space and potential for additions or landscaping compared to neighbouring properties.

The assessed value seems low. What does that indicate?
The municipal assessment is for taxation purposes and often lags behind market value, especially for older homes that haven’t been recently renovated. Its high city-wide ranking (top 2%) suggests the property is considered substantial relative to many others in Winnipeg, but the price will be determined by the current market.

What can similar nearby properties tell me?
The listed comparable homes on Agnes and Sherbrook Streets show a mix of sizes and values, indicating a varied streetscape. This suggests doing due diligence on the specific block is important, as conditions and values can shift from one street to the next in established neighbourhoods.

Is the lack of a garage a major drawback?
For this type of property, it's a common characteristic. Buyers should consider on-street parking availability and the potential cost and feasibility of adding a garage or parking pad in the future, given the generous lot size.