Property Overview

This is a compact, one-storey home built in 1907 on a standard city lot in the Daniel McIntyre neighbourhood. At 680 square feet with an unrenovated basement and no garage, it is notably smaller than most homes in Winnipeg. Its official assessed value is very low compared to citywide averages. The home last sold in 2019 for $110,000.

Key Characteristics & Appeal

The primary appeal of this property is its position as an entry point into homeownership or as a straightforward investment opportunity. Its extremely low assessed value and historically modest sale price suggest a correspondingly lower purchase price, which could suit first-time buyers with limited down payments or investors seeking a rental property with lower initial capital. The lot size is typical for the central neighbourhood, offering potential for future expansion or outdoor space relative to the home's small footprint.

Its character lies in what it represents rather than its current state. It suits a buyer comfortable with a project, whether that's a gradual, live-in renovation or a functional rental as-is. The older age of the home appeals to those interested in the classic architecture of early 1900s Winnipeg. A less obvious perspective is its potential efficiency: smaller homes mean lower utility costs and less maintenance, which can be a significant long-term advantage. It’s best suited for a pragmatic buyer whose priority is securing a land title in a central location, not move-in-ready perfection.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city average?
Assessed value is for municipal tax purposes and is heavily influenced by the home's small size, age, and condition (noting the unrenovated basement). It reflects the property's current state rather than potential market sale price.

2. What are the implications of such a small living area (680 sq ft)?
This is significantly below average. It indicates a compact layout, likely with fewer rooms or combined living spaces. Buyers should prioritize efficient use of space and consider if the floorplan meets their needs.

3. The home last sold in 2019 for $110,000. Is that a reliable indicator of its value today?
It's a historical data point, but market conditions have changed since 2019. It establishes a baseline, but a current market appraisal or comparative market analysis is essential to determine today's value.

4. What does "unrenovated basement" typically imply?
It likely means the basement is in original or utilitarian condition, possibly with low ceilings, concrete floors, and basic mechanical systems. It may be suited for storage and laundry but not finished living space without significant investment.

5. Is the land size suitable for an addition or rebuild?
The lot is approximately 2,500 square feet, which is standard for the area. While smaller than newer suburban lots, it could potentially accommodate a rear or vertical addition, subject to local zoning and setback bylaws.