This 1.5-storey home, built in 1938, sits on a notably large lot in Brooklands. Its primary appeal lies in the land itself—at over 5,200 square feet, the property offers significantly more outdoor space than most in the immediate area and neighbourhood. The house, with 1,003 sqft of living space and an unrenovated basement, presents as a solid, no-frills canvas. It suits a value-conscious buyer looking for a large yard in the city, whether for gardening, children, or pets. It would also appeal to an investor or handy homeowner who sees potential in the existing structure and views the land as a long-term asset. The recent sale price and assessed value are well below city averages, highlighting its accessibility.
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What is the true draw of this property? The land. The lot size is in the top 8% for its street and top 6% for Brooklands, making the outdoor space a rare commodity compared to nearby homes. The house itself is modest, positioning the property as a "land play" with a liveable structure.
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What should I know about the condition? The listing notes the basement exists but is "not renovated." Buyers should budget for potential foundational updates, moisture management, or a full renovation to make this space functional. The overall property suggests a project, either immediate or over time.
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How does the value compare? The home sells for a fraction of the Winnipeg average, but its assessed value ranks highly on its own street. This indicates the municipal assessment recognizes the value of the lot locally, even if the home's price point is entry-level citywide.
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Who are the typical neighbours? The provided comparable properties on Ross Avenue and nearby on Elgin are of similar vintage and assessment value, suggesting a stable, established area with homes of comparable scale and value, not a neighbourhood in rapid transition.
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Is this a good investment? For the right buyer, yes. The large lot provides intrinsic value and options down the line. However, investment returns would depend heavily on the owner's ability to improve the existing structure cost-effectively or to hold the property as the neighbourhood evolves. It's a strategic purchase rather than a turn-key opportunity.