Property Overview
This is a 742 sqft, one-storey home built in 1953 on a 3,939 sqft lot in Winnipeg's Brooklands neighbourhood. It last sold in July 2023 for $180,000. The home has no basement, no pool, and no garage.
Key Characteristics & Buyer Appeal
The primary appeal of this property lies in its land and location rather than the size or condition of the dwelling itself. The lot is notably larger than many city-wide averages, offering potential for expansion, gardening, or outdoor space in a mature neighbourhood. The home itself is compact and older, suggesting it may be suitable for a minimalist lifestyle, a renovation project, or as a value-entry point into the housing market.
Its assessed value is significantly below the Winnipeg average, which typically translates to lower property taxes—a key, less obvious financial benefit. The data indicates the house is one of the newer builds on its specific street, which might mean fewer immediate concerns about outdated major systems compared to immediate neighbours.
This property would best suit a first-time buyer comfortable with a smaller living footprint, an investor looking for a land-value play with a rentable existing structure, or a hands-on buyer with renovation skills who sees potential in the generous lot size.
Frequently Asked Questions
1. Is this a "tear-down" property?
While the living area is small and the home is older, it was occupied as recently as 2023. Its value is likely a blend of the land and the existing, functional structure. Whether it's a candidate for demolition would depend on a buyer's plans and a thorough inspection of the building's condition.
2. What are the implications of having no basement or garage?
This means all living and storage space is on the main floor. Buyers would need to plan for in-suite laundry solutions, creative storage, and where to park vehicles, as street parking is likely the only option.
3. The assessed value is very low compared to the sale price. Why?
Municipal assessed value for taxation purposes often lags behind market sale prices and is calculated using a different formula. The 2023 sale price of $180,000 is what the market determined the property was worth at that time.
4. How does the lot size compare practically?
At just under 4,000 sqft, the lot is larger than many in Winnipeg. This provides a sizable backyard relative to the home's footprint, a rarity for homes in this price range and a major feature for those who value outdoor space.
5. What does the ranking data tell me about the neighbourhood?
The data shows that for a home of this era and size, it sits in the middle ranges for its street and Brooklands area in terms of value and land. This suggests it's a typical, established part of the community, not an outlier, which can provide stability.