Property Overview: 409 McKenzie Street, Winnipeg

Key Characteristics & Appeal

This two-storey home, built in 1946, offers 1,204 sqft of living space with a renovated basement and a detached garage. Its core appeal lies in being a solid, established property in the Inkster-Faraday neighbourhood that presents a practical and affordable entry point into homeownership.

The home’s living area and assessed value are consistently above average for its immediate street and neighbourhood, suggesting it is a well-placed property within its local market. A thoughtful perspective is that a 1946 build date is actually newer than most homes on the block, potentially indicating fewer issues common to century-old foundations and wiring. The renovated basement adds functional living space. However, the lot size is notably smaller than area averages, which may mean less yard maintenance but also limited room for expansion or large outdoor activities.

This property would suit first-time buyers or practical investors looking for a character home without the extreme upkeep of an older vintage. It’s for those who value a home that stands well against its direct neighbours and prefer a smaller, manageable lot.

Frequently Asked Questions

1. How does this home’s value compare to the wider Winnipeg market?
While its assessed value is competitive within its neighbourhood, it ranks below the citywide average. This highlights the property’s affordability and positions it as a value option within the broader city context.

2. What does the "above average" year built mean for a home from 1946?
In this established area, a 1946 build is newer than many surrounding homes. This can be an advantage, potentially meaning updates to original systems have already been addressed or that construction methods were more modern than those used in the early 1900s.

3. The lot size is listed as below average. How significant is this?
The lot is approximately 2,600 sqft, which is smaller than typical lots in the area. This translates to a smaller backyard, which could be a drawback for those wanting extensive outdoor space but a benefit for buyers seeking lower maintenance.

4. What is the significance of the sold price history shown?
The historical sold price ranges indicate the home has maintained its market value relative to the area over recent years, with sales in 2017 and 2020. For the exact sold prices, you can request the information via email from the listing source.

5. Are comparable homes nearby?
The listing notes nearby properties on the same street with similar addresses, such as 407 and 411 McKenzie Street, which can be useful for gauging the look and feel of the immediate block. It also lists homes in other neighbourhoods with a similar assessed value for market comparison.