Property Overview & Appeal
This one-storey home on a 3,900 sqft lot presents a straightforward opportunity in Winnipeg's Brooklands neighbourhood. Its key characteristic is the land itself: the lot size is notably above average for both the immediate street and the broader area, ranking in the top 11% on Pacific Avenue W. This contrasts with the modest 766 sqft living area, which is below average in all comparisons. Built in 1958, the house is newer than many on its street but aligns with the typical age for the wider neighbourhood.
The primary appeal lies in its value as a land play or a foundational project. The generous lot for the area offers potential for expansion, gardening, or outdoor space that is uncommon for the price point. It would suit a practical, value-oriented buyer—perhaps a first-time investor, a hands-on individual looking for a manageable footprint to renovate or maintain, or someone seeking a lower-cost entry into the market where the asset is largely the property, not the existing structure. The home’s recent sale history shows a significant price increase from 2017 to 2021, suggesting rising interest in the area’s underlying value.
Frequently Asked Questions
Q: Is this a small house?
A: Yes. With 766 sqft of living space, it is notably compact, ranking below average for the street, neighbourhood, and city. The property's standout feature is its lot size, not the size of the home.
Q: What is the neighbourhood like?
A: Brooklands is a mature, established neighbourhood. The property data shows homes here typically have smaller lots and are older than the city average, but this specific lot is larger than most in the immediate vicinity.
Q: Why is the assessed value so much lower than the city average?
A: The city-wide average assessed value is skewed by newer, larger homes in different areas. This home's assessment is around average for its street and neighbourhood, reflecting the local market conditions and the home's modest size and age.
Q: Has the property value increased?
A: Based on available sales data, the home sold for $14,500 in 2017 and then for $21,100 in 2021. This indicates a noticeable increase in value over that four-year period.
Q: What are the immediate neighbouring properties like?
A: The listings show several very close neighbours on Pacific and Ross Avenue W, with similar assessed values. This suggests a consistency in the type and scale of properties in this specific block.