Property Overview
This is a compact, one-storey home on a standard-sized lot in Brooklands. Built in 1955, it is notably older than most on its street but aligns with the typical age for the broader neighbourhood. The key characteristic is its modest 672 sqft living area, which is significantly smaller than average for Winnipeg. The lot size of 3,902 sqft is typical for the area. The home has no basement, no pool, and no garage. Its most recent sale was in February 2022 for $190,000.
Appeal & Ideal Buyer
The primary appeal lies in its affordability and low property tax burden, as indicated by its assessed value. It represents a straightforward entry point into homeownership, particularly for a first-time buyer or an investor seeking a rental property. The lot size offers potential for expansion or outdoor space that the home itself lacks. It would suit a minimalist, a hands-on buyer comfortable with a home of its vintage, or someone viewing it as a strategic land purchase with an existing structure. Its below-average citywide price and taxes are its most compelling features, offsetting its smaller size.
Frequently Asked Questions
1. Why is the living area so much smaller than average?
Homes of this era and style in Winnipeg were often built with more compact footprints. This particular home is well below the city average for living space, emphasizing its role as an efficient, no-frills property.
2. What does having "no basement" mean for storage and utilities?
Without a basement, all living and mechanical systems are on the main floor. Storage space will be limited to the main area and any potential sheds, and furnaces/water heaters will occupy closet space within the living area.
3. The 2022 sale price is much higher than the 2017 price. What does this indicate?
The jump from $14,500 in 2017 to $190,000 in 2022 suggests a significant change in the property's condition, likely a substantial renovation or rebuild between those sales dates. It reset the property's market value entirely.
4. How does the assessed value compare to the sale price?
The assessed value ($17,800) is for municipal tax purposes and is not a market valuation. The significant difference between it and the 2022 sale price ($190,000) is common, as tax assessments often lag behind current market values.
5. Is the lot size a redeeming feature?
Yes. While the home is small, the lot is standard for Brooklands. This provides valuable outdoor space and, importantly, presents a future opportunity. The ratio of land-to-building size is high, which can be attractive for long-term value or redevelopment potential.