Property Overview & Key Characteristics

This 1907 two-and-a-half storey home in St. Matthews presents a classic Winnipeg character property with notable space and location advantages. Its primary appeal lies in its generous proportions: at 1,757 sq ft, the living area ranks in the top 6% for its street and top 94% for the neighbourhood, offering significantly more room than most nearby comparables. The lot is also substantial at 2,490 sq ft. While the basement exists, it is noted as not renovated, and the property does not have a garage or pool.

The home suits a specific buyer: someone seeking a project-in-waiting with a solid, spacious foundation in a central, established neighbourhood. Its high assessed value relative to the area suggests it is a substantial property, likely appealing to buyers who value interior space over turn-key condition or who have a vision for a gradual, sweat-equity renovation. The rankings indicate it's a larger, older home on its street, offering a sense of heritage and room to grow that is increasingly rare in its price segment.

Frequently Asked Questions

1. What does "not renovated" for the basement imply?
It typically means the basement is in original or functional condition, but not modernized. Buyers should budget for potential updates to flooring, lighting, or finishes, and should have an inspection to assess the foundation and mechanical systems.

2. How significant is the lack of a garage?
Given the home's age and neighbourhood character, many properties lack private garages. On-street parking is common. The large lot size, however, may present a future opportunity to add a parking pad or structure, subject to city bylaws.

3. The assessed value seems high for the area. Is that accurate?
The assessed value is for municipal tax purposes and is influenced by the home's unusually large living area and lot size compared to its neighbours. It's a useful benchmark, but market value is determined by current sale prices, condition, and buyer demand.

4. What are the pros and cons of a 1907 build?
Pros include solid construction, high ceilings, and classic architectural details. Cons can include outdated wiring or plumbing, less efficient insulation, and the ongoing maintenance typical of any century-old home. An inspection is crucial.

5. The home ranks well for size but poorly for age on its street. What does that mean?
It confirms this is one of the larger, older homes on the block. This can be a positive, offering more character and space, but it also suggests surrounding properties may be newer or smaller, which could influence the streetscape and future development.