Property Overview
57 Gallagher Avenue W is a compact, one-storey home in Winnipeg's Brooklands neighbourhood, built in 1905. Its primary appeal lies in its generous 5,013 sqft lot, which ranks in the top 6% for size on its street and the top 13% within Brooklands. This presents a significant land value proposition in an established area. The home itself is modest, with 766 sqft of living space and a detached garage. Recent sale prices have been well below both neighbourhood and city averages, indicating an accessible entry point.
This property would suit a specific type of buyer: a hands-on investor or homeowner looking for a land-play, a renovation project, or a starter home with ample outdoor space. Its value is rooted in the potential of its lot rather than its current structure. A thoughtful perspective is that while the home is historically small and older than most in the city, it sits on a parcel of land that is now rare for the area, offering future possibilities like expansion, garden suites (subject to zoning), or simply a large private yard that newer subdivisions cannot match.
Frequently Asked Questions
1. Is this a teardown property?
While the home is older and smaller than average, it is a functioning house. The decision to renovate or rebuild would depend on a buyer's goals, budget, and a thorough inspection. The value is significantly tied to the land.
2. Why are the recent sale prices so much lower than the assessed value?
The assessed value is for the entire property (land + building). The recent low sale prices likely reflect the home's condition and size, suggesting it was purchased as a project or for its land value. Always consult a real estate professional for a current market valuation.
3. What can the large lot be used for?
The large lot provides ample yard space, room for gardens, and significant potential for outdoor living. Any structural changes like additions or building a separate garage would require verification of zoning bylaws and permits with the City of Winnipeg.
4. What does "below average" for Year Built mean for a buyer?
It means the home is notably older than most. This can involve character but also requires careful attention to foundational, electrical, and plumbing systems. Insurance and renovation financing can sometimes differ for older homes.
5. How does the living area compare to a typical home?
At 766 sqft, the living space is compact. It would suit a single person, a couple, or a small family comfortable with efficient living. The trade-off is the disproportionately large outdoor space it comes with.