1-776 Manitoba Avenue

Property Overview: 1-776 Manitoba Avenue, Winnipeg

Key Characteristics & Buyer Appeal

This is a compact, modern unit in a multi-building complex on Manitoba Avenue. Built in 2015, its primary appeal lies in its relative newness compared to much of Winnipeg's housing stock, ranking in the top 17% citywide for age. This suggests lower immediate maintenance concerns and modern building standards. The unit is 716 sqft, which is modest and below average for the area, positioning it as an efficient, low-maintenance space rather than a sprawling home. Its assessed value is notably low, which typically translates to very manageable property taxes—a significant, often overlooked long-term savings.

The property suits first-time buyers or investors seeking an affordable entry into the market with a newer build. It would also appeal to downsizers or those seeking a simplified lifestyle without the upkeep of a house, yard, or basement. Its appeal is pragmatic: it trades space for modernity and cost-efficiency. A thoughtful perspective is that its below-average metrics on the street and in Burrows Central might indicate it's one of the more accessible units in a developing area, offering a chance to get in at a baseline level.

Frequently Asked Questions

1. What does the "Top 17%" ranking for Year Built actually mean?
It means this 2015-built unit is newer than approximately 83% of comparable properties across Winnipeg, indicating a relatively modern construction in the city's context.

2. The living area is ranked "Top 100%" locally. Is that good?
No. In this ranking system, a "Top 100%" rank for size means it is the smallest or among the very smallest when compared directly to six similar homes on the same street and in the Burrows Central area. It confirms this is a compact unit.

3. Why is the assessed value so much lower than the 2021 sale price of $150k?
Assessed value is for municipal tax purposes and is not a market valuation. The significant gap suggests property taxes are based on a much lower figure, which is a financial advantage for the owner, though the market price is determined by broader factors.

4. What is the configuration of the building?
The listing shows multiple units at 776 Manitoba Avenue (e.g., units 2 through 6). This is a multi-unit complex, likely a condominium or apartment-style building, not a standalone house.

5. Are there any obvious drawbacks from this data?
The data clearly indicates no basement, no garage, and no pool. The unit is also consistently below average in size, assessed value, and past sale price compared to its immediate neighbours, which may affect resale value but also lowers the entry cost and ongoing taxes.