Property Overview
This 1953 one-storey home on a 3,713 sqft lot in Brooklands presents a straightforward opportunity. Its key appeal lies in its renovated basement and a land size that is above average for Winnipeg, offering potential in a practical package. The living space is compact at 690 sqft, positioning this as an efficient, no-frills property.
The home suits a specific buyer: investors or handy first-time purchasers looking for a low-entry point into the market. Its below-average assessed and recent sale value suggests room for equity growth, especially for someone willing to live in it while making gradual improvements. The detached garage adds functional value for storage or projects. It’s not a move-in-ready showhome, but a grounded starting point where the value is in the land and the basement renovation, not in square footage or modern finishes.
Frequently Asked Questions
1. Is this a small house?
Yes. With 690 sqft of living area, it is significantly smaller than both the neighbourhood and city averages. The layout and the renovated basement are crucial to making the space functional.
2. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's specific characteristics—its smaller size, age, and the local market in Brooklands—not the city-wide average which includes much newer and larger homes. It indicates a more accessible price point.
3. What does "renovated basement" mean in this context?
While the details aren’t specified, it typically means the basement has been updated to be functional living or utility space. Given the modest main floor area, this basement likely serves as a crucial extension of the home’s usable space.
4. Who would this property suit best?
It’s ideal for a budget-conscious buyer, such as an investor looking for a rental property, or a first-time homeowner comfortable with a smaller footprint and potential DIY projects. Its value is more in its land and fundamentals than in turn-key luxury.
5. How does the lot size compare?
At 3,713 sqft, the lot is larger than most in Winnipeg (ranking in the top 22%) but is around the average for the Brooklands area. This provides a good outdoor space relative to the city, which is a notable asset.