Property Overview

This one-and-a-half storey home, built in 1917, presents a classic Winnipeg character property with notable practical advantages. Its key appeal lies in a combination of a generous, above-average lot and a recently renovated basement, offering a solid foundation for both living and future potential. At just over 1,000 sqft of living space, the home itself is modest in size compared to the city-wide average, but it sits on a substantial 6,762 sqft parcel of land—a standout feature that ranks well above average for both the immediate street and the wider Dufferin area. This significant lot size is a major asset, providing ample outdoor space, privacy, and room for additions or landscaping projects that smaller urban lots cannot accommodate.

The property would suit a first-time buyer or an investor looking for a character home with a strong land component in a central neighbourhood. It’s also a sensible choice for a buyer who values outdoor space over a large interior footprint and is comfortable with a home that requires thoughtful updates to match its lot’s potential. The renovated basement adds immediate functional living space, which is a key advantage. A less obvious perspective is the property's assessed value, which is notably high for its immediate area. This suggests municipal assessments recognize its underlying land value or recent improvements, which can be a point for consideration regarding property taxes versus potential market value.

Frequently Asked Questions

1. How does the lot size compare to typical Winnipeg homes?
The lot of 6,762 sqft is substantially larger than average. It ranks in the top 19% city-wide, meaning over 80% of comparable properties have less land. This is the home's most significant standout feature.

2. The assessed value seems high for the area. What does this mean?
The assessed value is in the top 12-13% for the Dufferin neighbourhood, which is well above the street and area averages. This typically reflects the value the assessor places on the land and improvements. Buyers should be aware this will likely translate to proportionally higher property taxes compared to neighbouring homes with similar houses but smaller lots.

3. Is the living space small for a family?
At 1,024 sqft, the main living area is below the city-wide average. It is more comparable to the average size found specifically within the Dufferin area. The renovated basement provides additional functional space, but the main-floor footprint is characteristic of its era and may require efficient use of space for a growing family.

4. What does the sale history indicate?
The home sold previously in 2017 and 2020. The last sale price in 2020 was significantly lower than the current assessed value, which is common. This history shows turnover in the last decade, but the substantial jump in assessed value since then points to significant changes (like the basement renovation) or a reassessment of the land's value.

5. Are homes from 1917 expensive to maintain?
A home of this age will have the inherent maintenance considerations of any century-old property, such as potential updates to original windows, plumbing, or electrical systems. The recently renovated basement is a positive, but buyers should budget for ongoing upkeep and potential modernizations to the original structure.