Property Overview: 1834 Lismore Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a classic, no-frills one-storey home in Winnipeg's Brooklands neighbourhood, built in 1958. Its key characteristic is the land: a 4,000 sqft lot that is notably larger than many in Brooklands and offers a detached garage. The house itself is modest, with 672 sqft of living space and an unrenovated basement, positioning it as an entry-level property or a land-value opportunity.
The appeal lies in its practicality and potential. The below-average assessed value suggests a relatively accessible price point for the area. It suits first-time buyers seeking a foothold in the market, investors looking for a rental property, or handy individuals who see value in the lot size and are prepared for updates. A less obvious perspective is its appeal to those prioritizing lower property taxes, given the assessment, or to buyers who value the simplicity and lower maintenance of a smaller, single-level floor plan on a generous lot.
Section 2: Frequently Asked Questions
1. What is the true condition of the basement?
The listing specifies the basement exists but is "not renovated." Viewing is essential to determine if it is unfinished, partially developed, or in need of remediation, as this significantly impacts value and utility.
2. How does the lot size compare practically?
While the 4,000 sqft lot is above average for Brooklands, it's below the city-wide average. This means you get a very good private outdoor space for the neighbourhood, but it's not an unusually vast urban parcel.
3. Who might this property not suit?
It may not suit buyers seeking a move-in-ready home with modern finishes, those who need significant living space, or families requiring multiple bedrooms, given the compact main floor area.
4. What does the assessed value tell us?
The $170k assessment is below average for the street and city, which typically correlates with a lower purchase price and taxes. However, it also reflects the home's modest size and condition, indicating any offer should be grounded in its current state, not just the land value.
5. Are the mechanical systems and roof original?
For a home built in 1958, the age and condition of major components like the roof, furnace, wiring, and plumbing are critical. An inspection is highly recommended to understand upcoming capital costs.