Property Overview: 1055 Manitoba Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This bi-level home at 1055 Manitoba Avenue presents a distinct profile defined by its modern age and practical layout. Built in 2020, it is a notably newer construction compared to most homes in the Burrows Central area and along Manitoba Avenue itself, ranking in the top 1% locally for its year built. This is its primary appeal, offering a move-in-ready property with contemporary building standards and minimal immediate maintenance concerns.
The living space of 1,077 sq ft is above average for the immediate neighbourhood. The home sits on a modest, manageable lot and features an unfinished basement, providing essential storage or future expansion potential. Notably, it lacks a garage.
This property would best suit first-time homebuyers or practical investors seeking a modern, low-maintenance structure in a central Winnipeg neighbourhood. Its appeal is rooted in its "new build" status within an established area, offering a trade-off: you acquire a contemporary home while accepting a smaller lot size and the character of a bustling avenue. It’s a pragmatic choice for those prioritizing the condition and efficiency of the building itself over land size or quiet, suburban-style privacy.
Section 2: Frequently Asked Questions
1. What does the "Elite" ranking for Year Built actually mean?
It means this home is exceptionally new compared to its peers. On its street and in Burrows Central, over 99% of comparable homes are older. City-wide, it’s newer than about 97% of homes. This is its standout feature.
2. The assessed value seems high for the area. Why?
The assessed value of $300k is significantly higher than the neighbourhood average, ranking in the top 5% locally. This primarily reflects the home's modern construction (2020) and larger-than-average living area for Burrows Central, as assessed values consider property characteristics and condition.
3. Is the lot size a drawback?
The land area of 2,995 sq ft is below average for the street, neighbourhood, and city. This means smaller outdoor space. For some, this is a downside for gardening or expansion. For others, it means less yard upkeep—a reasonable trade-off for a newer home in a central location.
4. The home sold for $28,600 in 2020. Is the current price based on that?
No, the 2020 sale price is not directly relevant to its current value. That transaction likely occurred during or just after construction. The current assessed value and any listing price would be based on the home's finished state and subsequent market conditions.
5. What should I consider about living on Manitoba Avenue?
Manitoba Avenue is a major, busy thoroughfare. Expect higher traffic noise and less residential street privacy compared to a quiet side street. The convenience of direct access must be balanced with the realities of an avenue lifestyle.