Property Summary: 9 Juba Street, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, century-old one-storey home in Winnipeg's Brooklands neighborhood, sitting on a modest 2,421 sqft lot. Its key characteristics are its age (built in 1912), small living space (626 sqft), and a very low municipal assessed value. The home lacks a basement, pool, and garage.
The primary appeal lies in its position as an entry-point property or a land-value opportunity. It suits a very specific type of buyer: a hands-on renovator looking for an affordable foothold in the city, or an investor considering the long-term potential of the lot itself. The low assessed value suggests correspondingly low property taxes, which is a notable financial advantage. A less obvious perspective is that its small size and simple layout could appeal to someone seeking a minimalist lifestyle with minimal upkeep—provided they are prepared for the maintenance demands of an older home. It is not suited for those needing space, modern amenities, or who are averse to renovation projects.
Section 2: Frequently Asked Questions
1. What does the "top X%" ranking mean for each metric?
It shows how this property compares to others. For example, a "Top 91%" rank for Living Area means the home is smaller than about 91% of comparable homes in the city, indicating it is notably compact.
2. Why is the assessed value so much lower than the last sale price?
The municipal assessed value for taxation purposes ($13.6k) is often based on older data and mass appraisal techniques, and is not a reflection of current market value. The home last sold for $120k in 2017, which is a more relevant indicator of its market price.
3. What are the implications of not having a basement?
This limits storage space and eliminates the potential for a traditional basement suite or additional below-ground living area. Heating, mechanical systems, and storage will need to be accommodated within the home's 626 sqft footprint.
4. Is the land size suitable for future expansion or redevelopment?
At 2,421 sqft, the lot is smaller than average for both Brooklands and the city. While local zoning bylaws would determine specific possibilities, the lot size may limit options for significant additions or redevelopment compared to larger parcels.
5. How significant is the home's age (1912) for a potential buyer?
It is a major consideration. It suggests potential for charming character but also guarantees a need for careful inspection and likely updates to systems like wiring, plumbing, and insulation. Maintenance costs and renovation complexity will be higher than for a newer build.