Property Overview: 757 Toronto Street, Winnipeg

Section 1: Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1907, presents a classic character property with modern updates. Its key feature is a renovated basement, adding valuable finished living space to the 1,152 sqft footprint. The home sits on a modest, city-sized lot. Its appeal lies in its position as a solid, move-in-ready home within a historic Winnipeg neighbourhood. The data suggests it offers a balanced package: its living area is comfortably average for the local area, while its assessed value is notably below both the citywide and neighbourhood averages, indicating a potentially accessible entry point into the market.

This property would suit first-time buyers or practical downsizers looking for a home with character but without major renovation projects. It’s also a sensible fit for investors seeking a stable rental property in a central location. A less obvious perspective is its appeal to those who value a "right-sized" home and lot—large enough for comfort but without the maintenance burden of a larger property, allowing for more urban living and less upkeep.

Section 2: Frequently Asked Questions

1. How does the home’s value compare to the area?
The home’s assessed value is below the average for both the Daniel McIntyre neighbourhood and Winnipeg citywide, positioning it as a more affordable option within this central community.

2. Is the lot size a concern?
The land area is smaller than most in the immediate area and significantly smaller than the Winnipeg average. This means lower exterior maintenance but also limited private outdoor space, making it better suited for those who prioritize home interior and neighbourhood amenities over a large yard.

3. What does the “renovated basement” imply?
While specifics aren’t listed, this indicates the basement is finished as livable space, effectively adding to the home’s functional square footage. Buyers should inquire about the renovation’s permits, quality, and whether it includes a secondary suite or rental potential.

4. As a 1907 home, what should I be mindful of?
While updated, the core structure is over a century old. Prospective buyers should pay special attention to the foundation, original wiring or plumbing that may remain, and the roof’s age during an inspection. The home’s age is typical for the street but older than most citywide.

5. How stable is the immediate neighbourhood?
The close proximity of five other houses on the same block, all on similarly sized lots, suggests a well-established, dense residential streetscape. This often indicates a stable, neighbourly environment.