Property Overview: 1816 Logan Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1920, situated on a notably large lot of 4,730 sqft in Winnipeg's Brooklands neighborhood. The property's primary appeal lies in its land value and potential. While the living space is compact at 640 sqft and the home itself is older, it features a renovated basement, adding functional space. The lot size is well above average for both the immediate street and the broader Brooklands area, ranking in the top 8% and 22% respectively. This presents a clear opportunity for expansion, gardening, or simply enjoying more outdoor space than is typical.
The home suits practical, value-oriented buyers. It would be a fit for a first-time buyer comfortable with a smaller footprint, an investor looking for a property with land-value upside, or someone with future renovation or expansion plans who values the generous lot size as a blank canvas. Its assessed value is modest relative to the city, suggesting an accessible entry point into the market. The recent sale history indicates it's a straightforward, no-frills property where the investment is fundamentally in the land.
Frequently Asked Questions
1. What does the lot size ranking actually mean?
It means this property's land area of 4,730 sqft is larger than 92% of similar properties on Logan Avenue and 78% of those in Brooklands. You are getting significantly more yard space than most homes in the immediate area.
2. The living area is ranked very low. How small is it?
At 640 sqft, the above-ground living space is compact. It ranks below 90% of comparable homes locally. The renovated basement provides additional usable space, but the main floor is suited for a minimalist lifestyle or as a starting point.
3. Is the older year of construction (1920) a concern?
It indicates the core structure is over a century old. While it has been maintained (evidenced by a renovated basement), prospective buyers should prioritize a thorough inspection to understand the condition of major systems like plumbing, electrical, and the foundation.
4. Why is the city-wide assessed value so much lower than the average?
The assessed value of $16,500 is for taxation purposes and is dramatically lower than the city-wide average home value. This reflects its age, size, and the neighborhood's market. The actual sale price of $140k in 2022 is a more accurate indicator of its market value.
5. What is the potential here for a buyer?
The potential is directly tied to the large lot. For the right buyer, this represents a land play. The value is less in the existing structure and more in the possibility of future expansion, building a garage, or holding the property as the neighborhood evolves. It’s a property where patience and vision could pay off.