Property Overview: 742 Toronto Street, Winnipeg

Key Characteristics & Appeal

This two-storey home in Daniel McIntyre is defined by its modern age in a historic neighbourhood. Built in 2009, it is a notably newer construction compared to most homes on its street and in the surrounding area, which largely date back to the early 1900s. This is its primary advantage, suggesting updated building systems and potentially lower immediate maintenance needs than its century-old neighbours.

The 1,080 sqft living space is competitively sized for the local market, sitting close to the area average. A key feature is the renovated basement, adding functional living space. The lot is compact at 2,317 sqft, which translates to less yard upkeep—a practical point for some, but a limitation for those wanting extensive outdoor space.

Its appeal lies in offering a relatively modern, low-maintenance footprint in a central, established community. It suits first-time buyers or downsizers seeking a turn-key home without the surprises common in heritage properties. The strong assessed value relative to the immediate area indicates it is viewed as a premium property on its block, though it is more modestly valued in a citywide context. Recent sale history shows steady appreciation.

Frequently Asked Questions

1. What does the "Elite" ranking for Year Built actually mean?
It means this home is among the newest 5% of properties on Toronto Street and the newest 2% in the Daniel McIntyre neighbourhood, where the average home was built around 1919-1920.

2. If the assessed value is high for the area but low citywide, what does that signal?
This pattern suggests you are purchasing a well-regarded property within its specific, more affordable neighbourhood context. It doesn't compete with assessments in newer suburban or high-value districts, but it stands out locally, which can be a stability factor.

3. How should I interpret the compact land size?
The lot is smaller than most in the area. This typically means lower maintenance and less outdoor work, but also limited potential for expansions like large decks or additions. It emphasizes efficient use of indoor and basement space.

4. The home sold recently in 2023 and 2022. Is that a concern?
Not inherently. The steady increase in sale price over that short period suggests a strong local market or perhaps value-adding improvements. It does warrant asking about the reason for the quick turnover to ensure it aligns with your plans.

5. Who might this property not suit?
Buyers seeking a large yard, extensive garden space, or a heritage home with classic architectural details may find it limiting. Its value proposition is modern convenience in an old neighbourhood, not land size or historic character.