Property Overview
This 1953-built, one-storey home on a nearly 5,000 sqft lot in Brooklands presents a specific and straightforward opportunity. Its primary appeal lies in the land itself—the lot size is well above average for both the immediate street and the broader neighbourhood, ranking in the top 14%. The home is modest, with 768 sqft of living space and an unrenovated basement, reflecting its assessed value which is modest relative to the city but typical for the area. It suits a value-conscious buyer looking for a lower-cost entry into the Winnipeg market, with a vision for future expansion or redevelopment. It would also appeal to an investor seeking a rental property with a manageable footprint, or someone who prioritizes generous outdoor space over a large interior.
Key Details & FAQs
What are the key characteristics?
The home is a 768 sqft bungalow on a large 4,997 sqft lot. It has an unrenovated basement, no garage, and was built in 1953. Its assessed value and recent sale price are consistently in the low $18k range, which is typical for similar properties on its street but below the Winnipeg city average.
What is the main appeal?
The appeal is primarily in the land. The lot is significantly larger than most in Brooklands and on Mcdermot Avenue W, offering potential for gardening, expansion, or future redevelopment. It represents a very affordable entry point into homeownership.
Who would this property suit best?
This property suits a practical, hands-on buyer. It’s ideal for a first-time homeowner comfortable with a smaller living space who values a large yard, or for an investor looking for a straightforward rental property. It’s less suited for those seeking a move-in-ready home with modern finishes or ample indoor square footage.
What is the neighbourhood like?
Brooklands is a established, no-frills neighbourhood in Winnipeg. The property data shows homes here generally have lower assessed values and more modest sizes compared to city-wide averages, indicating a more affordable, working-class community.
What should a potential buyer consider?
A buyer should plan for the condition of the unrenovated basement and the overall maintenance of a 73-year-old home. The very low assessed value suggests property taxes will be relatively low, but also that significant investment would be needed to increase the home’s value substantially. The large lot is a standout asset in an otherwise very modest offering.