Property Overview: 378 Mckenzie Street

Section 1: Key Characteristics & Appeal

This two-storey home, built in 1913, presents a straightforward opportunity in Winnipeg's Inkster-Faraday area. Its primary appeal lies in its above-average living space (1,240 sq ft) for both the immediate street and the neighbourhood, offering more room than many comparable local homes. The property includes a basement and a standard city lot.

The data reveals a clear narrative: this is a value-oriented property with a very low municipal assessed value. This characteristic defines its likely buyer. It would suit a practical, hands-on purchaser looking for an entry point into the market, an investor considering a renovation or rental project, or someone with the capability to manage a home that requires updates. The appeal is not in immediate move-in readiness or premium finishes, but in the potential contained within its generous floor plan and the low barrier to entry. A thoughtful perspective is that its older age (113 years) and lower assessment might translate to relatively lower property taxes, which is a significant, ongoing cost consideration.

Section 2: Frequently Asked Questions

1. Why is the assessed value so much lower than the citywide average?
Municipal assessments are based on a mass appraisal system considering factors like location, age, size, and recent sales of similar properties. This assessment reflects the home's age, condition, and the market values within its specific neighbourhood context.

2. What should I know about a house built in 1913?
While offering classic character and sturdy construction, homes of this era typically require careful attention to aging components. A thorough inspection is essential to evaluate the state of the foundation, plumbing, electrical systems (which may have been updated over time), and insulation.

3. The home has a basement but it's noted as "not renovated." What does this imply?
This indicates the basement is in a functional, likely unfinished or partially finished state. It provides valuable utility and storage space but will not have the polished feel of a modern, livable lower level. Buyers should assess its condition for moisture, ceiling height, and potential for future development.

4. How does the living area compare to nearby homes?
The living area is a relative strength. At 1,240 sq ft, it is larger than the average for similar homes on Mckenzie Street and within the Inkster-Faraday neighbourhood, meaning you get more interior space than many immediate comparables.

5. There is no garage. What are the parking options?
The property listing shows no garage. Parking would be via on-street permit or a potential driveway if one exists or could be added, subject to local bylaws and available space on the lot. This is a key practical consideration for vehicle owners.