Property Overview
This 1910 one-and-a-half storey home at 1814 Midmar Avenue in Winnipeg's Brooklands neighbourhood presents a straightforward opportunity centered on its land and value. With 877 square feet of living space, an unrenovated basement, and no garage, the home itself is modest and requires updating. Its key characteristic is the 2,252 sqft lot, which is notably smaller than most in the area, ranking in the bottom 11% on its street. The home’s age and assessed value are also well below local and city averages.
The primary appeal lies in its position as an affordable entry point into the market. It suits a practical buyer—perhaps a first-time homeowner, an investor, or someone looking to downsize—who is prepared for a project and values low carrying costs over immediate move-in readiness. A less obvious perspective is that the smaller, manageable lot could be a benefit for those seeking minimal yard maintenance. The price reflects the home’s condition and lot size, making it a clear value play rather than a premium offering.
Frequently Asked Questions
1. What is the most important thing to know about this property?
The home is a fixer-upper on a lot that is smaller than most in Brooklands. Its appeal is based on affordability and potential, not on current condition or spacious grounds.
2. Who would this property be best for?
It would suit a budget-conscious buyer ready to take on renovations over time, or an investor looking for a rental property with a lower initial investment.
3. How does the lot size compare to the neighbourhood?
The land area of 2,252 sqft is significantly below the local average. For context, comparable lots on Midmar Avenue average about 3,894 sqft, placing this property in the bottom 11% on its street for lot size.
4. What does the below-average assessed value indicate?
The assessed value of $14,300 is well below averages for the street, neighbourhood, and city. This typically reflects the home’s age, condition, and smaller lot, resulting in lower property taxes—a key consideration for long-term affordability.
5. When was it last sold and for how much?
The home was last sold in February 2019 for $130,000, a price that was below average for the area at that time, consistent with its current positioning in the market.