Property Summary: 1813 Notre Dame Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This home is a one-and-a-half storey property in Brooklands, built in 1944 on a notably spacious lot. Its key features include a renovated basement and a detached garage. The primary appeal lies in its land: at over 5,300 square feet, the lot size is well above average for both the immediate street and the broader Brooklands neighbourhood, offering significant outdoor space and potential. While the living area is modest at 972 sq ft, the renovated basement adds functional space. The assessed value is comparatively low for the city, suggesting a value-oriented entry point.
This property would suit a pragmatic, hands-on buyer who prioritizes land over a large existing footprint. It’s ideal for someone looking for a starter home with room to grow, a gardener, or an investor seeking a property with a strong land-to-structure ratio in a central location. Its value positioning makes it particularly suitable for buyers comfortable with a home that has character and history, and who may see potential in further updates over time.
Section 2: Frequently Asked Questions
1. What does the "renovated basement" typically entail?
Given the home's age and value profile, a "renovated basement" in this context likely means it has been made into clean, dry, and functional living or storage space. Prospective buyers should inquire about the specifics of the renovation, including permits, moisture control, and ceiling height, to understand its finish level.
2. How does the low assessed value impact property taxes?
A lower assessed value generally results in lower municipal property taxes compared to homes with higher valuations. This can be a meaningful ongoing savings, but buyers should verify the current tax amount and understand that assessments can be updated upon sale.
3. Is the large lot mostly usable, or are there restrictions?
The lot size is a major asset. Buyers should check the survey or plot plan for any unusual shapes, easements, or rights-of-way that might affect usability. Its size could allow for additions, a large garden, or recreational space, subject to local zoning bylaws.
4. What are the considerations with a home built in 1944?
While charming, a home of this age may have original systems like wiring, plumbing, or insulation that could require updating. The renovated basement is a positive, but a thorough inspection is crucial to understand the condition of the core structure and major components.
5. The sale price in 2021 was close to the assessed value. What does that indicate?
The close alignment suggests the market at that time agreed with the city's valuation. It indicates a stable, value-based market for the property rather than speculative bidding. Current buyers can use this as a benchmark, but should base their offer on a current market evaluation.