Property Overview: 781 Home Street, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1911, offers a blend of historic charm and modern practicality in Winnipeg's Daniel McIntyre neighbourhood. Its key feature is a renovated basement, adding valuable finished living space to the 1,282 sqft footprint. While the lot size is modest for the city overall, it is typical for the central area, offering manageable upkeep.

The appeal lies in its strong positioning within the immediate community. The home's living area, assessed value, and age all rank above average for the Daniel McIntyre neighbourhood, suggesting it is a well-placed, solid property within this established locale. It suits buyers looking for a character home in a central, walkable area without the extensive maintenance of a larger lot. It would particularly fit first-time buyers or downsizers seeking a balance of space and location, or investors attracted to a property with recent updates (the basement) in a consistent neighbourhood.

A less obvious perspective is that its "around average" metrics on its own street indicate it fits seamlessly into the streetscape, neither over nor under-improved compared to direct neighbours, which can be a positive for long-term value and community cohesion.

Frequently Asked Questions

1. How does the renovated basement add value?
It increases the usable living area without expanding the home's footprint, a practical update for a century-old house. This adds functional space for recreation, guests, or a home office.

2. Is the property tax likely to be high?
The assessed value is above average for Daniel McIntyre but below the citywide average. This typically suggests property taxes are reasonable for the central location, but you should verify the exact current amount.

3. What does the 1911 build date mean for maintenance?
While the home has historic character, it will likely require ongoing attention to aging components like windows, plumbing, or the roof. The renovated basement is a positive sign of recent investment.

4. How does the lot size impact potential for expansion or outdoor space?
The land area is modest, especially compared to suburban lots. This limits potential for large additions but also means less yard work. Creating a functional patio or garden space would be a thoughtful use of the area.

5. The home sold in May 2023. What does that recent sale indicate?
A sale just over a year ago provides a very recent market price benchmark (listed at $28.50k), offering a clear data point for current value assessment and showing the property has changed hands in a modern market context.