Property Overview: 1043 Manitoba Avenue, Winnipeg
Key Characteristics & Buyer Appeal
This is a modest, century-old home (built 1909) on a standard city lot in the Burrows Central neighbourhood. Its key characteristic is its straightforward, no-frills profile. The 1.5-storey house offers 881 sqft of living space with an unfinished basement and a detached garage. The appeal lies primarily in its position as an affordable entry point into the Winnipeg market, with a historically low sale price and a very low municipal assessed value compared to the citywide average. The lot size, while below average for the immediate street, is manageable.
This property would suit a specific type of buyer: a hands-on first-time purchaser or an investor comfortable with a project. It’s a potential candidate for a live-in renovation, allowing an owner to build equity through sweat equity over time. Given its age and condition (the basement is noted as “not renovated”), it’s less suited for someone seeking a move-in ready home without any upfront work. A thoughtful perspective is that its lower assessed value could translate to relatively lower property taxes, which is a practical, ongoing cost savings for a budget-conscious owner.
Frequently Asked Questions
1. What does "below average" for land area on Manitoba Avenue mean?
The lot is 2,905 sqft, which is smaller than many on its own street where comparable lots average about 4,014 sqft. However, it is still a standard urban lot and is actually closer to the average size for the broader Burrows Central neighbourhood.
2. The home was built in 1909. What should I consider?
While offering classic charm, a home of this age will likely have older building materials and systems. A thorough inspection is essential to understand the condition of the foundation, wiring, plumbing, and structure. The potential for character comes with the responsibility of maintaining an older property.
3. Why is the assessed value so much lower than the city average?
The assessed value ($14,600) is for municipal tax purposes and is heavily influenced by the home’s age, size, condition, and recent sale prices in the area. It reflects its status as a smaller, unrenovated historic home in the neighbourhood, not necessarily its market sale price.
4. How does the 2013 sale price of $130k relate to today’s value?
That sale price is a historical data point. Current market value will depend on present market conditions, any changes made to the property since then, and how it compares to recently sold homes in the area now.
5. The basement is "not renovated." What are the implications?
This typically means the basement is in its original, unfinished state—likely concrete floors and walls, with exposed mechanical systems. It offers storage space and potential for future development, but any renovation would be a project starting from scratch, requiring proper permits and addressing moisture control and insulation.