Property Summary: 1978 Pacific Avenue W, Winnipeg
Key Characteristics & Appeal
This is a compact, one-storey home on a standard city lot in the Brooklands neighbourhood. Built in 1910, its primary characteristic is its modest 569 sqft living area, which is notably smaller than most homes on its street, in the area, and across Winnipeg. The lot size of 2,600 sqft is fairly typical for the immediate area. The home has no basement, no garage, and no pool.
Its appeal lies in its simplicity and potential as an entry point into the housing market. With a very low assessed value and a last sale price of $10,200 in 2016, it represents one of the most accessible priced properties available. It would suit a specific type of buyer: someone looking for a minimal footprint, an investor considering a tear-down or a complete renovation project, or a buyer whose priority is land location over the existing structure. A thoughtful perspective is that this property offers a rare chance for ownership with extremely low property taxes, which could be a strategic move for holding land in a transitioning area.
Frequently Asked Questions
1. Is this a liveable home in its current condition?
Given the age (1910), very small square footage, and lack of a basement, it is likely a candidate for a significant renovation or rebuild. A professional inspection is essential to determine viability.
2. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's characteristics: the age and very small size of the dwelling itself result in a low valuation, with the land making up a significant portion of the total.
3. What are the possibilities for expanding or rebuilding?
With a standard city lot, there is potential for expansion or new construction, subject to City of Winnipeg zoning bylaws, heritage considerations (given its age), and building codes.
4. How does the lack of a basement or garage impact utility and value?
It limits storage and mechanical space, which affects liveability and resale value. Any renovation or rebuild would need to account for these functions within the home's footprint or as an addition.
5. The last sale was in 2016 for $10,200. What does that indicate?
This historically low sale price suggests the property may have been in very poor condition, sold between family members, or was part of a portfolio or estate settlement. It is not indicative of current market value but highlights its long-standing status as a low-equity property.