Property Overview

This 1,194 sqft one-and-three-quarter storey home, built in 1901, sits on a 2,340 sqft lot in Winnipeg's Daniel McIntyre neighbourhood. Its key appeal lies in its position as a classic, no-frills character home in a central location. With a living area that is average for the area and a notably low assessed value, it presents as an affordable entry point into the market. The basement is noted as unrenovated, and the property does not include a garage or pool.

This home would suit a practical, hands-on buyer—perhaps a first-time purchaser or an investor—who is comfortable with a property that has older infrastructure and sees potential in its basic structure and location. Its value is primarily in the lot and the existing footprint, offering a canvas for gradual improvement rather than immediate move-in perfection. A thoughtful perspective is that its lower-than-average metrics (like assessed value and land size for the city) are not just drawbacks; they represent a lower tax burden and a manageable outdoor space for someone seeking a low-maintenance, central urban lifestyle without the premium of a larger yard.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean for this house?
This is a common architectural style for homes of this era. It typically means the second floor has full-height ceilings under the roof's main slope, but the usable space may be slightly less than a full two-storey home, often with cozier bedrooms or sloped ceilings in parts of the upper level.

2. The assessed value seems very low compared to city averages. Why is that?
The assessed value is for municipal tax purposes and is based on a mass appraisal system. A value this far below the city average strongly reflects the home's age, condition, and specific market factors in its area. It does not directly predict the sale price but suggests a potentially lower annual property tax obligation.

3. The basement is noted as "not renovated." What should I expect?
You should anticipate a functional but unfinished space. It likely has the home's core mechanical systems (furnace, water heater) and provides storage or laundry space, but it won't have finished walls, ceilings, or flooring suitable for living areas without investment.

4. How does the land size affect this property?
At 2,340 sqft, the lot is smaller than many in Winnipeg, especially compared to suburban areas. This means less yard maintenance but also limited space for additions, detached garages, or extensive outdoor living areas. It's a trade-off that aligns with a more urban, low-maintenance lifestyle.

5. The home is over 120 years old. What are the main considerations?
While offering character, an older home like this requires careful attention to its fundamental systems. A priority would be to inspect the foundation, roof, wiring, and plumbing for age-related updates. The appeal is in the sturdy, established construction, but budgeting for ongoing maintenance and potential updates is essential.