Property Overview: 5 Juba Street, Winnipeg
Section 1: Key Characteristics & Appeal
This two-storey home in Brooklands stands out primarily as a modern offering in an established neighborhood. Built in 2025, it is a notably new construction, ranking in the top 1% of homes by age in both Brooklands and citywide. Its key characteristics include a 1,375 sqft living area, which is spacious for the immediate area, and a 2,421 sqft lot. The home has a basement, but it is not renovated, and there is no garage or pool.
The appeal lies in its rarity as a new build, offering move-in readiness and modern construction standards without the need for immediate updates. It suits first-time homebuyers seeking a low-maintenance start, or investors looking for a modern rental property in a community with more classic, older housing stock. A thoughtful perspective is that this property represents an opportunity to establish a long-term footprint in a neighborhood where you’ll likely own one of the newest homes for decades, potentially influencing future value as surrounding properties are redeveloped.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the citywide average?
The assessed value reflects municipal valuation for tax purposes, which can be significantly influenced by the home's age and local market conditions. As a new build in an area with many older homes, its assessment is currently aligned more closely with neighborhood benchmarks than with citywide averages for newer subdivisions.
2. What does "Elite" or "Top X%" ranking mean for the Year Built?
These rankings compare the property to others in its geographic group. For Year Built, being in the "Top 1%" or "Elite" category in Brooklands and citywide means it is newer than 99% of comparable homes, highlighting its unique status as a recent construction.
3. Is the lack of a garage a significant drawback?
This depends on buyer needs. While many homes have garages, its absence is reflected in the property’s profile. Buyers should consider on-street parking availability, the potential to add a structure later, and whether the trade-off for a newer home is worthwhile.
4. How does the living area compare practically?
At 1,375 sqft, the living space is above average for Brooklands and on par with the Winnipeg average. This suggests comfortable room for a small family or couple, especially when combined with the unfinished basement, which offers storage or future expansion potential.
5. The home sold for $8,500 in 2022, but is now priced significantly higher. Why?
The 2022 sale price likely reflected the value of the vacant land prior to the construction of the current home. The current price is for the newly built, move-in ready house, representing the full cost of the land and construction.