Property Overview
This is a modest, one-storey home built in 1948 on a standard city lot in Winnipeg's Brooklands neighbourhood. Its key characteristic is its scale: with a living area of just 568 sqft, it is among the smallest homes in the city. The property features a detached garage and an unrenovated basement. The appeal lies primarily in its land value and potential, rather than the existing structure. It suits buyers looking for an affordable entry into homeownership with a focus on the future—whether that's a long-term renovation project, a rental investment with a plan to rebuild, or a land-holding opportunity. It's a practical choice for those comfortable with a very compact living space as-is, or for investors who see value in the lot itself within an established community.
Frequently Asked Questions
1. Is this a teardown property?
While the home is livable, its significantly below-average living area and assessed value suggest the land may represent a substantial portion of the property's worth. It is an ideal candidate for a future rebuild or major expansion, appealing to those with renovation or redevelopment plans.
2. What is the neighbourhood like?
Brooklands is a long-established, no-frills residential area. The property's metrics (like year built and lot size) are very typical for this neighbourhood, indicating a consistent, working-class community without extreme highs or lows in property characteristics.
3. How does the assessed value compare to the sale price?
The home last sold in December 2020 for $16,600, which was very close to its current assessed value of $15,800. This consistency suggests a stable, low-end market value for the property in its current condition.
4. What are the immediate costs or projects to consider?
The listing notes the basement is "not renovated," which typically means it is in a raw or utility state. Buyers should budget for any desired improvements to this space. The overall age of the home (78 years) also warrants a thorough inspection for major systems.
5. Who would this property not suit?
It would not suit buyers seeking a move-in ready home with modern finishes or spacious rooms. It is also less ideal for large families due to the limited living area, unless they are specifically purchasing it with immediate and significant expansion in mind.