Property Summary: 1221 Tanner Street, Winnipeg

Section 1: Key Characteristics & Appeal

This home at 1221 Tanner Street in Margaret Park is a classic Winnipeg character property, built in 1917. Its key appeal lies in its generous 5,395 sqft lot, which is notably larger than most on its street and in the immediate area, offering valuable outdoor space and potential. The living area (810 sqft) is modest and typical for the street, positioning it as a more compact, manageable home.

The property’s assessed value is notably below average for both the neighbourhood and the city, suggesting a potentially accessible entry point into the market. This combination—a larger lot with a smaller, older home at a lower assessed value—creates a distinct profile. It would suit a value-conscious buyer, such as a first-time homeowner or an investor, who prioritizes land size over a modern or spacious interior and sees potential in the property itself. The appeal is pragmatic: you are purchasing land and a solid foundation in an established neighbourhood, with the understanding that the home itself may require updates or is suited for a simpler lifestyle.

Section 2: Frequently Asked Questions

1. What does the "below average" assessed value actually mean?
It means the city's assessment for this property is lower than most homes in its comparison groups. This often results in a relatively lower property tax bill, but it doesn't directly set the market sale price, which is determined by buyer demand.

2. Is the older year (1917) a concern?
It signifies character and solid construction but also implies that major systems (like plumbing, electrical, or the foundation) may be older or have been updated over time. A thorough inspection is highly recommended to understand the condition and any needed maintenance.

3. How usable is the large lot?
The lot size is a significant asset. It provides ample yard space, room for gardens, storage, or recreational areas. For the right buyer, it also represents long-term potential, though local zoning bylaws would dictate any future development possibilities.

4. Who are the typical neighbours?
The nearby properties are a mix of similar vintage homes on Tanner Street and slightly newer builds on Margaret Avenue, indicating a stable, established residential area without drastic new development.

5. Why is the exact past sale price not publicly listed?
The provided sale price range is estimated from public data. To protect privacy and ensure accuracy, the precise sale price requires a manual request from the listing service, which they provide directly via email without marketing spam.