Property Overview: 6 Juba Street, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Brooklands is defined by its generous lot and practical living space. Built in 1920, it sits on a nearly 4,000 sqft lot, which is notably larger than most in the immediate area and neighbourhood. The 1,392 sqft living area is also well above average for Brooklands, offering more interior space than many nearby homes.
The primary appeal lies in its land value and potential. The very low assessed value reflects a home that is likely a fixer-upper, as it includes an unrenovated basement and no garage. This makes it a clear candidate for renovation, expansion, or eventual redevelopment, with the lot size being its strongest asset. It would suit value-conscious buyers looking for a footprint in the city, particularly investors, builders, or handy homeowners willing to take on a project. It’s less suited for those seeking a move-in ready home with modern amenities.
A less obvious perspective is its relative standing: while the property feels modest citywide, it is a standout in its own community for living space and lot size, suggesting it holds more intrinsic value in its local context than broader metrics might imply.
Section 2: Frequently Asked Questions
1. Is this a teardown property?
While the data doesn't dictate this, the combination of a 1920 build, unrenovated basement, low assessed value, and a highly desirable lot size makes it a strong candidate for significant renovation or full redevelopment. The value is primarily in the land.
2. How does the lot size compare?
The 3,975 sqft lot is in the top 9% on its own street and the top 31% in Brooklands, meaning it's significantly larger than many neighbouring properties. This is a key feature.
3. Why is the assessed value so much lower than the city average?
The assessed value is based on the property in its current condition. The low value reflects the age of the home, the lack of renovation, and the absence of features like a garage, not the potential of the land.
4. What does "Elite" ranking for Living Area in Brooklands mean?
It means the home's interior square footage (1,392 sqft) is larger than 96% of comparable homes in the Brooklands area. For the neighbourhood, this is a very spacious house.
5. What should I consider about the 2021 sale price?
The home sold for $16,500 in July 2021. This historical price point reinforces the property's status as a project investment. Market conditions and values have likely shifted since, but this sale underscores the home's fixer-upper nature.