Property Overview & Key Characteristics
This 1925-built, one-storey home on Logan Avenue in Brooklands presents a straightforward, no-frills opportunity. Its primary appeal lies in its position as an affordable entry point into the Winnipeg market. With 760 sqft of living space on a 2,511 sqft lot, it is notably compact, ranking below average in size both for its street and the wider city. The home lacks a basement, pool, and garage.
The property suits practical buyers looking for a minimal footprint or a strategic foothold. Its very low assessed value suggests it could be ideal for a first-time buyer willing to live modestly while building equity, or for an investor seeking a rental property with relatively low property tax obligations. A less obvious perspective is its potential for someone seeking to minimize their physical and financial footprint—the small size means lower utility costs and less maintenance. The lot, while smaller than many, still offers outdoor space in a central location.
Frequently Asked Questions
1. What does the ranking data (e.g., "Top 74%") actually mean?
It indicates how this property compares to others. For example, "Top 74% for Land Area" means its lot size is larger than 74% of comparable properties on the same street, but still below that street's average. It's a snapshot of where it sits in the local market context.
2. Why is the assessed value so much lower than the last sale price?
The assessed value ($13.5k) is for municipal tax purposes and is not a reflection of current market value. The home last sold for $100k in 2016. This large gap highlights the importance of using recent sales comparisons, not tax assessments, to determine fair market value.
3. What are the implications of not having a basement?
This limits storage space and potential for a traditional laundry setup or secondary living area. It can also affect heating efficiency and utility routing. However, it eliminates risks and costs associated with basement moisture or flooding.
4. The home is 101 years old. What should I be prepared for?
While charm and character are possible, major systems like plumbing, electrical, and the foundation may require inspection and potential updating. Maintenance will be a key factor, but the simple one-storey layout can make some repairs more accessible.
5. Who might this property not be suitable for?
It's likely not a fit for families needing multiple bedrooms or ample living space, anyone requiring significant storage or parking (with no garage), or buyers unwilling to manage the upkeep of a century-old home. It's a functional property for specific, pragmatic needs.