Property Overview

This one-and-three-quarter storey home, built in 1908, presents a classic Winnipeg character property with practical considerations. Its key appeal lies in its above-average living space for the immediate area, offering 1,218 sqft in a neighborhood where comparable homes average about 1,049 sqft. The lot is a manageable 3,678 sqft, and the home features a basement (not renovated) and no garage. Its most defining characteristic is its assessed value, which is significantly below the city-wide average, positioning it as an accessible entry point into the market.

This home would suit a value-conscious buyer, such as a first-time purchaser or an investor, who is comfortable with a home of this vintage and sees potential in its existing footprint. Its appeal is grounded in space and location rather than modern finishes, making it a project for someone willing to undertake updates over time. A thoughtful perspective is that while its age places it well below the city average for year built, this also contributes to its unique character and lower tax assessment, which can be a long-term financial benefit.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has sloped ceilings (following the roof line) and potentially dormer windows, creating full but sometimes cozier rooms compared to a pure two-storey design.

2. The assessed value seems very low compared to the city average. Why?
The assessed value is for municipal tax purposes and is not the market value or expected sale price. It is based on a mass appraisal system and the home's specific characteristics. This lower assessment often results in correspondingly lower property taxes, which is a notable ongoing cost savings.

3. What should I consider about the "basement, not renovated"?
For a home built in 1908, this indicates the basement likely retains its original state. Buyers should budget for potential updates to flooring, walls, and lighting, and have a thorough inspection to assess the foundation, plumbing, and electrical systems specific to its age.

4. How does the lack of a garage affect daily living?
This means relying on on-street parking. It's important to check local parking regulations for any restrictions and observe the typical availability on the street. For some, this is a minor trade-off for the home's affordability and character.

5. The home is older than most in the city. What are the implications?
You gain unique architectural charm but must be prepared for the maintenance and update schedule of a century-old structure. This includes potential needs like updating wiring or plumbing, and ensuring proper insulation. A specialized pre-purchase inspection is highly recommended to understand the home's condition fully.