Property Overview
This 816 sqft, one-storey home on a 3,900 sqft lot presents a straightforward opportunity in Winnipeg's Brooklands neighbourhood. Built in 1955, it features a detached garage and no basement. Its most notable characteristic is the land itself—the lot size is well above average for its specific street and the broader Brooklands area, ranking in the top 11% and 36% respectively. This contrasts with the modest, below-average citywide living space and a very low assessed value, which sits in the bottom 4% citywide.
The appeal here is fundamentally rooted in the land value and potential. It suits a specific buyer: someone looking for an affordable entry point, a land-banking opportunity, or a renovator or builder who sees value in the generous lot size relative to the neighbourhood. It's less suited for those seeking immediate move-in condition or above-average interior space. A thoughtful perspective is that this property represents a clear value proposition based on its components—you are primarily acquiring a desirable lot with an older, smaller home included.
Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects the property's specific characteristics—namely, its smaller living area and older home—within its market context. It is actually around average for its immediate street, indicating the local norm for homes of this type and size.
2. What are the implications of having no basement?
This means all living space is on the main floor, and there is no below-ground storage or utility area. Heating systems, laundry, and storage will need to be accommodated within the 816 sqft footprint, which is a key space consideration.
3. The lot is large for the area, but what can I do with it?
The above-average lot size offers more outdoor space than neighbours and presents future potential. This could range from adding a sizable addition, creating extensive landscaping or gardens, to eventually redeveloping the site, subject to local zoning bylaws.
4. How does the 1955 build date compare to nearby homes?
The home is newer than many on its street (where the average build year is 1936) and in the Brooklands area overall. This suggests potentially fewer issues associated with very early 20th-century construction, though a full inspection is still essential.
5. Who would this property not be a good fit for?
It would likely not suit buyers who need ample indoor living space immediately, desire modern finishes without undertaking renovations, or who prefer the amenities and floor plans typically found in newer subdivisions or homes with basements.