Property Overview
This 1959 one-storey home on a 3,910 sqft lot in Brooklands presents a straightforward, value-oriented opportunity. Its key appeal lies in its efficient scale and recent history of value growth. The 896 sqft living area is modest but functional, and the home benefits from a renovated basement, adding usable space. The lot size is typical for the street and neighbourhood, offering a manageable outdoor area without excessive upkeep.
The home’s data reveals some thoughtful nuances. While the living area is compact city-wide, it's actually around the neighbourhood average, suggesting it fits the local character. Its assessed value ranks above average for both the street and Brooklands, indicating it is viewed favorably relative to its immediate peers. Notably, the sale price in 2021 showed significant appreciation from the previous sale, demonstrating a strong upward trend in value for this specific property. This home would suit a first-time buyer, an investor looking for a manageable rental property, or someone seeking a low-maintenance footprint without a large mortgage. Its renovated basement adds flexibility for a home office, rental suite, or extended living space.
Frequently Asked Questions
What does the "above average" assessed value ranking mean for this property?
It means the municipal assessment is higher than most comparable homes on the same street and in Brooklands. This often reflects updates (like the renovated basement) or desirable lot characteristics, but it's important to distinguish assessment value from market value.
Is the living space too small?
At 896 sqft, it is below the Winnipeg average. However, it is squarely around the average for the Brooklands neighbourhood itself, indicating this is a typical home size for the area. The renovated basement effectively expands the usable space.
How stable is the property's value?
The sale history shows a notable increase from $21,600 in early 2021 to $30,300 just a few months later in mid-2021. This sharp appreciation suggests the property was likely updated or sold under different conditions, but it highlights proven potential for value growth in a short timeframe.
What are the implications of having no garage?
This is common for homes of this era in the area. It simplifies the structure and reduces maintenance but requires consideration for vehicle parking and storage. The lot size provides room for a driveway or potential future shed.
How does the 1959 build year compare to the neighbourhood?
Built in 1959, this home is newer than the average on its specific street, ranking in the top 16%. For the broader Brooklands area, it's around the average build year. This suggests it may have more modern construction features than many immediate neighbours.