Property Overview
This 2017-built, one-storey home on Notre Dame Avenue in Brooklands presents a specific and practical value proposition. Its key appeal lies in being a modern structure on a modest, low-maintenance lot. At 878 square feet of living space with a renovated basement, it offers efficient, contemporary living without the upkeep of an older home. The home sits on a smaller lot (2,493 sqft) for the area, which is a trade-off: it means less yard work but also less private outdoor space. Its assessed value is notably higher than many Brooklands neighbours, reflecting its newer construction, yet remains below the Winnipeg city-wide average, positioning it as a relatively affordable entry into a newer build.
This property would suit first-time buyers or downsizers seeking a modern, low-maintenance home without a major renovation project. It’s also a practical option for investors looking for a newer rental property with potentially lower maintenance costs. The home is less suited for those wanting extensive yard space or a large interior footprint.
Key Questions & Considerations
1. What does the "renovated basement" entail?
The listing confirms a renovated basement but does not specify the finish, layout, or if it includes a legal suite. This is a key detail to clarify, as it significantly impacts usable living space and potential rental income.
2. With no garage and a smaller lot, where is parking available?
The property has no garage. Prospective buyers should verify on-street parking regulations, availability, and consider the practicalities during Winnipeg winters.
3. How does the higher assessment compare to similar newer homes?
While assessed above the neighbourhood average, this is due to its age. Comparing its assessment and potential taxes to other post-2017 homes in the wider area would provide a clearer financial picture.
4. The lot is smaller than most on the street. Are there expansion options?
The land size is in the bottom third for Notre Dame Avenue. Any future plans for additions, decks, or sheds may be limited by lot coverage bylaws, making verification of development potential important.
5. What is the reason for the 2017 sale price being close to the current assessed value?
The home sold for $24,800 in 2017, and is now assessed at $27,800. Understanding this minimal change—whether due to market conditions, the specific property features, or the assessed value methodology—is crucial for evaluating its market price.