Property Overview: 1011 Manitoba Avenue, Winnipeg
Key Characteristics & Appeal
This is a compact, early 20th-century one-and-a-half storey home in Burrows Central, built in 1913. Its primary appeal lies in value and potential, rather than size or modern amenities. The home sits on a modest, sub-3,000 sqft lot and offers just over 1,000 sqft of living space, which is typical for the immediate area but below the Winnipeg city average. A key updated feature is the renovated basement, adding functional living space. The home lacks a pool but includes a detached garage.
Its standout characteristic is its financial profile. The assessed value is notably above average for both Manitoba Avenue and the broader Burrows Central neighbourhood, suggesting the property is viewed favorably relative to its direct peers, likely due to the renovations. However, this value is well below the city-wide average, positioning it as an accessible entry point into the market.
This property would best suit a first-time buyer, an investor, or someone seeking a modest, no-frills home with some updates already completed. It’s for a buyer who prioritizes location and getting a foothold in the market over square footage or a newer build. The renovated basement adds flexibility for a suite, workspace, or additional living area, which is a significant asset in a home of this size.
Frequently Asked Questions
1. Is the lot size a disadvantage?
While the land area is below average for the city, it is quite typical for this established neighbourhood. It means less yard maintenance, which could be a positive for some buyers, but offers limited space for expansions or large outdoor projects.
2. The home is over 110 years old. What should I be most concerned about?
Beyond the renovated basement, the core structure and major systems (like plumbing, electrical, and the foundation) are likely original or aged. A thorough inspection is essential to understand the condition and potential upcoming investments in these critical areas.
3. The assessed value is high for the street but low for the city. What does this mean?
This indicates the property is considered more valuable than many of its immediate neighbours, possibly due to the renovations. However, it remains in a lower-price segment of Winnipeg’s overall market, which can mean a more affordable purchase price but also potentially different market dynamics for future resale.
4. Who are the typical neighbours or buyers in this area?
Burrows Central is a long-established, densely built neighbourhood. Buyers are often value-conscious, looking for practicality and community connectivity over luxury. It’s a area of working homes, not showcase properties.
5. How does the detached garage add value?
In older neighbourhoods with narrow lots, a detached garage is a significant utility asset for vehicle protection, storage, or as a workshop. It’s a feature that many newer infill properties on similar lots often sacrifice.