Property Overview: 499 Cherrier Street, Winnipeg

Key Characteristics & Appeal

This one-and-three-quarter storey home, built in 1910, is a classic character property situated in Dufresne. Its primary appeal lies in offering above-average space for its immediate neighborhood. With 1,394 sqft of living area, it ranks in the top quarter of homes on Cherrier Street for size, providing more room than many local comparables. The property sits on a 3,425 sqft lot and includes a detached garage.

The home’s assessed value is notably above average for both its street and the Dufresne area, but below the citywide average, suggesting it represents a value-conscious entry point into a established community. A key, less obvious perspective is that while the home is historic, its above-average rankings for size and value within its own locale indicate it may have been well-maintained or expanded upon over its long history compared to its peers. The unrenovated basement presents a blank canvas for customization.

This property would best suit a buyer who appreciates older home character and is looking for a solid footprint in a mature neighborhood, potentially a renovator or someone willing to update spaces over time. It’s a practical choice for those prioritizing interior space and lot size over a modern build date, and who see the value in a home that stands out positively within its specific community context.

Frequently Asked Questions

1. What does "above average for the street/area but below average citywide" mean for value?
This typically indicates the home is a strong performer within its own, likely more affordable, neighborhood. It suggests you get more house for your money in this locale compared to buying a similar-sized property in a newer or more expensive city district.

2. The basement is noted as "not renovated." What condition should I expect?
This usually means the basement retains its original or older finishes, likely with a concrete floor and exposed ceiling joists. It’s functional space for laundry and storage but would require investment to finish as a living area.

3. As a 1910 home, what should I budget for maintenance?
While the data shows it has been maintained relative to neighbors, budgeting for updates to older systems like plumbing, wiring, or windows is prudent. A thorough inspection is essential to understand the condition of the structure and major components.

4. How does the detached garage impact utility?
A detached garage offers flexibility and can be ideal for a workshop or project space, reducing noise and dust in the main house. The trade-off is less convenience during Winnipeg winters compared to an attached garage.

5. The home sold recently in August 2024. What does that indicate?
A very recent sale suggests a fast-moving market for this type of property in the area. It’s important to understand why it’s back on the market so quickly, which could range from a simple change in the buyer’s circumstances to a flipped investment.