427 Simcoe Street

Property Overview & Key Characteristics

This 1907 one-and-three-quarter storey home in St. Matthews offers a blend of historic character and practical space on a 2,502 sqft lot. Its primary appeal lies in its generous proportions and established neighbourhood setting. With 1,508 sqft of living space, it ranks in the top 15% of the neighbourhood for size, providing more room than many nearby homes. The property’s assessed value is notably higher than several direct comparables on the same street, suggesting it may possess features or a condition that set it apart.

The home would suit a buyer looking for a character property with room to grow, who appreciates an older home’s potential and is comfortable with a basement that has not been renovated. It’s a practical fit for those prioritizing interior space over a garage, and for someone who sees value in a lot size that is above average for the area. A thoughtful perspective is that this home represents a solid, middle-ground option in the area—it’s not the newest nor the smallest, offering a balance of historic roots and functional space for the right owner.

Frequently Asked Questions

1. What does "one-and-three-quarter storey" mean?
This is a common architectural style for Winnipeg homes of this era. It typically means the second floor has full-height ceilings under the roof’s main slope, but the rooms may have sloped ceilings or dormer windows where the roof line descends, creating cozy, character-filled bedrooms.

2. The assessed value seems high compared to some neighbours. Why?
Municipal assessments consider many factors, including lot size, living area, and building condition. This home has a significantly larger living area and lot than several nearby properties, which likely contributes to its higher assessment. It’s always advisable to review the detailed assessment report and consider current market conditions.

3. What is the neighbourhood of St. Matthews like?
St. Matthews is a mature, established neighbourhood close to downtown. It features a mix of well-kept historic homes and community amenities. The rankings provided show this property sits in the middle range for the area in terms of lot size and age, indicating it’s a typical, well-situated home for this community.

4. Is the basement usable?
The listing notes the basement exists but is "not renovated." This means it is likely in original or functional condition, suitable for utilities and storage, but would require finishing to become formal living space. Buyers should budget for any desired upgrades and inspect for moisture issues common in homes of this age.

5. How does the living area compare to nearby homes?
This home is notably spacious for the area. At 1,508 sqft, it is larger than all the listed comparable properties on Simcoe and nearby streets, except for one much larger home on Daniel McIntyre. This makes it a standout for buyers seeking more interior space in this historic price range.