Property Overview
This 1921-built, one-storey home on Alexander Avenue in Brooklands presents a straightforward, value-oriented opportunity. Its key appeal lies in its modest scale and below-average price point within a mature Winnipeg neighbourhood. At 694 square feet of living space on a 2,364 sqft lot, it is a compact property. The home lacks a basement, pool, and garage. Recent sales and assessment data consistently place it in the lower tiers for size and value compared to its immediate street, the broader Brooklands area, and the city as a whole. This isn't a property for those seeking ample space or modern finishes, but rather a specific, grounded opportunity.
Who It's For & Its Appeal
This home would suit a very specific buyer: someone seeking an absolute entry point into homeownership, an investor looking for a minimal-cost rental property, or a purchaser interested purely in the land value for future redevelopment. Its appeal is almost entirely financial, based on its low price and low property taxes (as reflected by its assessed value). A less obvious perspective is that a home of this age and size offers a lifestyle of simplicity and minimal upkeep, which can be a deliberate choice rather than a compromise. It represents a chance to build equity with a very small initial outlay, accepting that any comfort or space requirements would need to come from a renovation budget.
Frequently Asked Questions
1. Why is the assessed value so much lower than typical city homes?
The assessed value reflects the property's small size, age, and basic characteristics. It's aligned with similar, very modest homes and results in proportionally lower property taxes, which is a key part of its affordability.
2. What are the implications of not having a basement?
This means all mechanical systems (furnace, water heater) and living space are on the main floor. It limits storage and potential for a traditional secondary suite, but also eliminates concerns about basement moisture or flooding.
3. Is this a "tear-down" property?
Given the small living area and the lot size being below average for the area, some buyers may consider eventual replacement. However, the structure is habitable, so it provides the option to live in it or rent it out while planning for the future.
4. How does the recent sale price compare to the assessment?
The home sold for $13,800 in March 2025, which is slightly above its $12,500 assessed value. This close alignment suggests the market price is firmly rooted in its objective, utilitarian value rather than speculative potential.
5. What should a buyer prioritize during an inspection?
Given the home's age, focus should be on the fundamental condition of the structure, roof, wiring, and plumbing. The inspection should verify that the core systems are functional and safe, as the value proposition is in the soundness of the basics, not cosmetic features.