Property Overview & Key Characteristics
This 1953 one-storey home in Brooklands presents a practical opportunity centered on its generous lot. The nearly 5,000 sqft property offers significantly more land than most in the immediate area, placing it in the top 14% on its street. While the living space (854 sqft) is compact, the home features a renovated basement, adding functional space, and a detached garage. It last sold in November 2022 for $260k, a price point that was above average for the street but below the wider Winnipeg average, reflecting its specific appeal.
The primary appeal lies in the land itself. This isn't just a house but a property with clear expansion or outdoor potential in a established neighbourhood. It suits a specific buyer: someone looking for an entry point into homeownership who values future potential over immediate square footage, a hands-on buyer comfortable with a home of this vintage, or an investor seeing value in the lot size relative to the price. It’s a grounded choice for those who view a property as a long-term canvas rather than a move-in-ready showcase.
Frequently Asked Questions
Q: How does the lot size compare to a typical property?
A: The lot is a key feature. At 4,991 sqft, it is substantially larger than the average for both the immediate street (approx. 3,789 sqft) and the Brooklands neighbourhood (approx. 3,662 sqft).
Q: What should I know about the home’s size and condition?
A: The main living area is 854 sqft, which is modest. The basement has been renovated, adding usable space. As a home built in 1953, a thorough inspection is recommended to understand the condition of major systems and the scope of any modern updates.
Q: Who determines the "Assessed Value" and how does it relate to the sale price?
A: The Assessed Value ($25,700) is set by the municipal government for taxation purposes. It is typically much lower than the market sale price, which for this home was $260k in 2022. They are different valuations used for different reasons.
Q: The 2022 sale price seems high for the street. What does that indicate?
A: The $260k sale price ranked in the top 19% for the street at that time. This suggests buyers were willing to pay a premium, likely for the combination of the large lot and the renovated basement, seeing value that standard metrics might not fully capture.
Q: What is the neighbourhood like?
A: Brooklands is an established, no-frills residential area in Winnipeg. The property rankings show it offers more land for your investment compared to many city neighbourhoods, appealing to those seeking space and value in a mature community.