Property Overview: 695 Home Street, Winnipeg

Section 1: Key Characteristics & Appeal

This well-situated two-storey home in Daniel McIntyre offers a practical blend of historic charm and modern updates. Its key features include 1,360 sqft of living space, a renovated basement, and a detached garage. Built in 1911, the home presents a solid, character-filled structure that has been maintained.

The primary appeal lies in its strong positioning within the immediate neighbourhood. The assessed value and living area rank notably above average for Daniel McIntyre, suggesting a home that is both substantial and well-regarded in its local context. This creates a value proposition for buyers seeking a established, updated home in a central Winnipeg community without paying a premium for newer construction or larger lots. The recent renovation of the basement adds functional living space and modern convenience.

This property would suit a practical buyer who values location and liveable space over a large yard or a brand-new build. It's ideal for a small family, a couple, or an investor looking for a character home with recent updates in a mature neighbourhood. The data suggests it's a competitively sized and valued home on its street and in its area, making it a sensible choice for those focused on intrinsic home features and community over expansive outdoor space.

Section 2: Frequently Asked Questions

1. How does the property’s value compare?
While its citywide assessed value is below average, it ranks significantly higher (Top 14%) within the Daniel McIntyre neighbourhood itself. This indicates it is considered a above-average property for the area, which is a key metric for stability and potential growth.

2. Is the lot size a concern?
The land area is smaller than many city lots, which is typical for central, older neighbourhoods. It ranks as average for Daniel McIntyre. This means less yard maintenance but also limited space for expansions like large decks or additions. It appeals to those prioritizing the home itself and location over extensive outdoor space.

3. What does the 1911 build year mean for me?
It signifies a character home with the potential for older architectural details. While it requires a diligent inspection for an older building's systems, the data shows it is actually newer than many homes on its street and in line with the neighbourhood average, suggesting it fits the area's established fabric.

4. How does the living space feel for its size?
At 1,360 sqft, it offers above-average space for the neighbourhood (Top 20%). Combined with the renovated basement, it provides functional room that competes well with other local homes, likely feeling more spacious than the citywide average home.

5. What is indicated by the recent sale history?
The property sold for $290k in July 2023, a price that ranked in the top 6% for the area at that time. This strong sale, relative to the assessed value, suggests the market recognizes attributes—like the renovated basement—that may not be fully captured in the official assessment.