Property Overview: 1846 Legion Avenue, Winnipeg
Key Characteristics & Appeal
This is a modest, one-storey home built in 1956 on a roughly 4,000 sqft lot in Brooklands. Its primary appeal lies in its position as an accessible entry point into the Winnipeg market. The living space is compact at 784 sqft, but the lot size is above average for the neighbourhood, presenting a key opportunity for future expansion or outdoor use. With no basement, garage, or pool, the property is straightforward and low-maintenance.
Its assessed value is notably below average, which translates to lower property taxes—a significant, ongoing cost savings for an owner. The home suits first-time buyers, investors looking for a rental property with a low tax burden, or those seeking a simple, affordable dwelling with the potential to build equity through lot value or future renovations. It’s a practical choice for someone prioritizing financial efficiency and land size over immediate move-in condition or square footage.
Frequently Asked Questions
1. What does "no basement" mean for this property?
It indicates a slab-on-grade foundation. This means mechanical systems like the furnace and water heater are located at ground level within the living area, and there is no below-ground storage or potential for a basement suite.
2. The assessed value seems very low. Does that indicate a problem?
Not necessarily. A low assessment primarily results in lower municipal property taxes. It often reflects the home's age, size, and recent sale prices in the area rather than a specific defect. It's a positive for ongoing affordability but means the home is likely very basic.
3. Is the lot size a advantage?
Yes. While the house itself is smaller than average, the lot is larger than most in Brooklands. This provides more private outdoor space and is a valuable asset for future potential, whether for a large garden, shed, or an addition.
4. Who might this property NOT suit?
It may not suit buyers looking for a turn-key home, those who need significant storage space (due to the lack of basement and garage), or families requiring multiple bedrooms and more living area immediately.
5. What should I consider given the recent sale history?
The home sold in 2020 and 2012 at prices close to its current assessed value. This suggests a stable, non-speculative market history. It underscores the property's role as a long-term, affordable holding rather than a quick-flip opportunity.