Property Overview & Key Characteristics
This is a compact, one-storey home on a generous lot in Winnipeg's Brooklands neighbourhood. Built in 1955, its primary appeal lies in its land potential. The lot size of 3,903 sq ft is notably above average for both the immediate street and the broader Brooklands area, offering valuable outdoor space or future expansion possibilities in a mature community. The living area is modest at 728 sq ft, suggesting a home suited for essential living needs. With a detached garage and no basement, the property presents a straightforward, low-maintenance footprint.
Its most recent sale price was significantly below the citywide average, positioning it as an accessible entry point into the market. This property would suit a first-time buyer, an investor looking for a land-value opportunity, or someone seeking a manageable home with room to garden or eventually build. Its value is rooted more in the parcel of land and location than in the size or condition of the existing structure, offering a blank canvas relative to its peers on the street.
Frequently Asked Questions
1. Why was the recent sale price so much lower than the previous one?
This typically indicates a change in property type or condition, such as the home being sold as a tear-down or for land value only, especially following a prior sale of the intact house.
2. What does "no basement" mean for utilities and storage?
All mechanical systems (furnace, water heater) will be located on the main floor, and storage space will be limited to the main living area, attic, and detached garage.
3. How does the above-average lot size benefit a buyer?
It provides more private outdoor space than most neighbours and greater flexibility for additions, a garden, or even future redevelopment, subject to zoning.
4. Is the assessed value a reliable indicator of the market price?
Not directly. The assessed value is for tax purposes. The recent sale price is a clearer market indicator, but it's essential to understand what was actually sold (e.g., the land versus a habitable home).
5. What are the implications of the home's age for renovations?
A 1955 build may contain materials like original wiring or plumbing that would need inspection and likely updating for modern standards and insurance.